Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
Moxsh Overseas Educon Limited is an India-based company, which is engaged in providing coaching and counselling services. It also provides mobility services to medical students in India or abroad under its brand MOKSH. The Company expanded its services within technology based online education space preparing the doctors with global medical license test prep with live class. It is engaged in guiding medical professionals and providing career guidance for overseas education including MBBS abroad, as well as coaching for medical licensing examinations, such as United States Medical Licensing Examination (USMLE), Professional and Linguistic Assessments Board (PLAB), and National Exit Test (NEXT). Its services include career counselling, university shortlist, application documentation, live application tracking, interview training, successful admits, visa documentation, travel package, currency exchange, pre-departure orientation, post arrival services, and campus buddy.
MOXS - Moxsh Overseas Educon Ltd
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