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
MT Educare Ltd. is an India-based company, which provides education support and coaching services. The Company caters to the educational needs of school students. It conducts commercial training, coaching, tutorial classes and activities incidental and ancillary thereon. The Company’s offerings include Robomate+, Lakshya, Mahesh Tutorials-School, Mahesh Tutorials-Science and Mahesh Tutorials-Commerce. Lakshya is a coaching institute for the preparation of Engineering Entrance Exam JEE (Mains and Advanced), Medical Entrance Exam (NEET-UG), and Foundation Courses for Class VI to X, including competitive exams, such as NTSE, KVPY and Olympiads. Lakshya provides the higher secondary education science courses for competitive exams. Lakshya prepares the students for IIT-JEE Main and Advanced, NEET, NTSE, KVPY, NSO (Science Olympiad) and RMO (Regional Mathematical Olympiad). Robomate+ is a curriculum-based study application that provides interactive study material for students.
MTED - MT Educare Ltd
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