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
Shanti Educational Initiatives Limited is an India-based education company that provides school management solutions. The Company provides services to plan, build and manage educational institutions right from play school to grade 12. It provides optimum solutions to the various challenges being faced by K-12 schools. Its educational units are Shanti Asiatic Schools, Shanti Junior and Shanti Hopskotch. Shanti Asiatic Schools is a K-12 school brand of SEIL with approximately 25000 students across India. Shanti Juniors uses I-Cube Learning Ladder teaching method. It launched an app-based learning, Juniors App Learn, available on google play store to provide interactive recapitulation of their lessons to its Juniors. The Company’s services include school infrastructure design; consultancy for affiliation formalities; curriculum design; co-curricular activities planning and support; teachers training; financial planning; campus layout plan; human resource, and others.
SHAI - Shanti Educational Initiatives Ltd
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