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
SPS International Limited is engaged in printing for examination materials, such as optical mark readers (OMR), sheets, OMR answer books and allied stationary. It is focused on scanning of OMR answer sheets, data processing & result preparation of various governments and alike institutions. Its products include OMR sheets, drawing sheets, exercise books, printed answer booklets, paper reels and white printing paper. Its services include examination printing, notebook printing and variable data printing (VDP) services. It designs and prints a variety of books and notebooks, writing pads, coloring books and others. It also provides an in-house facility for lasers and inkjet VDP solutions. It provides printing and data processing solutions for the education industry. It also specializes in designing and printing OMR sheets, OMR Forms and ICR sheets. It also carries its printing facilities for printing of OMR stationery, confidential & examination materials required for its business.
SPSI - SPS International 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.