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
Reliable Data Services Limited is an India-based holding company. The Company is engaged in providing customized services to various banking, financial services and other manufacturing industries in the field of back-office processing, front office follow-ups and Management services. The Company’s services include transaction processing services, human resource services, management services, and other, which includes digitization of records, management of authorization centers, delivery and tracking of documents/bills to customers and pick-up and processing of charge slips. The Company operates through its subsidiaries, Authentic Healthcare Services Pvt. Ltd., Sharp Eagle Investigation Pvt. Ltd, Authentic Developers Pvt. Ltd, RDS Allied Services Pvt. Ltd., Ascent Keyboardlabs Technologies Pvt. Ltd., Vibrant Educare Pvt. Ltd and others.
RLIB - Reliable Data Services Ltd
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