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
Panache Digilife Limited is an information and communications technology (ICT) and Internet of things (IoT) devices design, manufacturing, distribution and services company. It is focused on smart computing devices & virtualization, smart & digital classrooms, smart & connected cars, retail IoT and smart water and other electronic manufacturing opportunities. Its gamut of products in compute comes in different form factors including laptops for education, tablet personal computer (PC) for education, and all in one PCs for education, SMB, and others. Its telecom products include wireless landline phones, switches, routers, firewall, and wireless devices. Its education solution provides a smart education solution for classroom learning and teaching. Its retail IoT includes POS Terminal, Thermal Printer, Informaon Kiosk, and Self-Checkout Kiosk. It offers healthy living solutions to provide healthy water to people through its products, such as Aquatatva, NEER 3, NEER 5, and ultra slim.
PNAC - Panache Digilife Ltd
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