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
Northamber PLC is a United Kingdom-based value-add audio visual (AV) and information technology (IT) distributor. The Company’s principal activities include the supply of computer hardware, computer printers and peripheral products, computer telephony products and other electronic transmission equipment. Its various categories of products include audio visual, print and imaging management, information technology (IT) and accessories, networking and security, servers and infrastructure, software and others. It also offers vendor services. Its audio visual products include collaboration and conferencing, connectivity & control, interactive displays, livestream solutions, professional audio, professional displays, projection security & and thermal solutions. Its IT and accessories include computer accessories, computer components, dictation, disks and memory, laptop/desktop PCs, mice and keyboards, mice and keyboards and monitors.
NAR - Northamber PLC
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