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
Smartlink Holdings Limited is an India-based company, which is engaged in information technology (IT) networking company. It operates through two segments: Investment and Networking products. Its Investment segment is engaged in earning income through dividends, interest, rentals and gains on Investment in securities and property. Its Networking products segment is engaged in developing, manufacturing, marketing, distributing, and servicing of networking products. Networking products includes developing, manufacturing, sales, and servicing of various IT hardware products. Its subsidiaries include Digisol Systems Ltd., Synegra EMS Ltd., and Telesmart SCS Ltd. Its subsidiary Digisol Systems Ltd., which is a brand products company engaged in the marketing, sales, and service of an active, and passive range of networking products. Synegra EMS Ltd. is an electronic manufacturing service company, which manufactures products like computer motherboards, add on cards, and medical devices.
SMAT - Smartlink Holdings Ltd
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