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
Response Informatics Ltd is an India-based end-to-end technology and enterprise-level management consulting company. The Company is a consulting partner with Salesforce and a strategic partner of Amazon Web Services (AWS). The Company is focused on building long-term customer relationships, by becoming their partners and trusted advisors. The Company is engaged in delivering various verticals and services ranging from enterprise-level software and application development. The Company’s services include a salesforce, workforce management, and cloud infrastructure. Salesforce is a cloud-based software company which provides customer relationship management services. It sells a complementary suite of enterprise applications focused on customer service, marketing automation, analytics, and application development. Its workforce management services offer information technology (IT) services and Human resource (HR) services.
RESI - Response Informatics Ltd
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