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
SoftTech Engineers Limited is an India-based information technology and software services company. The Company is principally engaged in software development and providing software support and maintenance services to the clients. The Company is a software provider in architecture-engineering-construction (AEC) space, catering to property developers, municipal corporations, investors, real estate companies, contractors, architects, and consultants. The Company has a portfolio of five products, which includes AutoDCR, PWIMS, OPTICON, BIMDCR and RuleBuddy. AutoDCR, which is an online building plan scrutiny and approval system for construction permits, which reads computer-aided design (CAD) drawings. The Public Works Information Management System (PWIMS) is a Web-based commercial-off-the-shelf (COTS) application. OPTICON, which is a group of integrated modules that provides complete enterprise resource planning (ERP) solution to the construction and real estate industry.
SOTF - SoftTech Engineers Ltd
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