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
Marlowe plc is engaged in business-critical services and software, which assure regulatory compliance. Its segments include Governance, Risk & Compliance (GRC) and Testing, Inspection & Certification (TIC). GRC encompasses its consulting and software solutions across compliance software and eLearning, health and safety, employment law and human resource, and occupational health. Its service in TIC revolves around its clients’ business premises compliant. Its services address compliance requirements across fire safety & security and water & air hygiene. Its fire safety and security services provide its clients with a comprehensive range of safety and compliance services to ensure premises are maintained in accordance with building safety regulations. Its software compliance platforms are used to implement governance frameworks and manage and monitor audit and control risk. It also provides ISO auditing and certification services to over 5,000 United Kingdom and international clients.
MRLM - Marlowe PLC
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