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
NTG Clarity Networks Inc. is a Canada-based provider of networking solutions. The Company provides telecommunications engineering, information technology (IT), networking and related software solutions. The Company operates through two segments: Canadian segment and Egypt segment. The Canadian segment is made up of activities in Canada and its offices in Saudi Arabia and Oman. The Egypt segment is its software development group and also provides professional services, offshoring services and network services to customers in Egypt. It develops niche software products directed at telecom service providers and utilities markets. It also provides professional services and managed services to this same vertical. Its products include NTGapps, NTS Trouble Ticket Management, NTS utility billing, Mi-World, VoWiFi, IoT Solutions, Workflow Management, Network Inventory Management, and others. Its services include solution development, outsourcing, consulting, and system integration, among others.
NCI - NTG Clarity Networks Inc
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