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
Merit Group PLC is a United Kingdom-based data and intelligence company. The Company’s principal activity is the creation and aggregation of information and data and the provision of services through a combination of online information and digital services, training courses, conferences and events, publications and other media. The Company’s segments include Merit Data & Technology (MD&T) and Dods. The Merit Data & Technology business segment focuses on the provision of data, data engineering and machine learning, and on the provision of software and technology resourcing. The Dods business segment concentrates on the provision of key information and insights into the political and public policy environments around the United Kingdom and the European Union. Its services include Merit Data & Technology, Dods Political Intelligence and Dods People. Dods People is an online service that provides unparalleled access to both political representatives and public affairs professionals.
MRIT - Merit Group PLC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.