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
Quintegra Solutions Limited is an India-based information technology (IT) services and consulting company. The Company is a software developer and IT services exporter. The Company provides a range of custom software development solutions and consultancy services in IT on various platforms and technologies. Its application management suite consists of application development, application maintenance, application migration and application reengineering. It offers product services under its methodology called Product Co-Development (ProCoDe). Its ProCoDe services range from product application design and application development, product quality assurance and testing, to product maintenance and support. It offers a suite of transformational methodologies, tools, accelerators, and pre-configured solution templates to assist its clients in various SAP services. It offers independent testing services spanning the entire software release lifecycle. The Company is also a technology consultant.
QUIN - Quintegra Solutions Ltd
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