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
Ramco Systems Limited (Ramco) is an India-based global enterprise software company. The Company develops Enterprise Resource Planning (ERP) software solutions for various verticals in various domains like Core ERP, aviation maintenance repair and overhaul, logistics, supply chain management, maintenance and engineering, asset management, financials, inventory, procurement, service management, process control, and project management. Ramco offers features such as Talk It, which allows transactions to be carried out by voice commands, Bot it, which allows users to complete transactions using natural conversations; Mail It, that transact with the application by just sending an email; HUB It, a one screen does it all concept built to address all activities of a user; Thumb It, a mobility where the system presents users with option to choose rather than type values and Prompt It, a cognitive ability which enable the system to complete the transaction and prompts the user for approval.
RMCS - Ramco Systems Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.