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
Suvidhaa Infoserve Limited is an India-based fintech company. The Company is engaged in the business of providing marketplace technology services to small retail outlets, namely small and medium enterprises (SMEs) and micro, small and medium enterprises (MSMEs) to drive more customers to their physical stores. It operates through e-commerce including payment services, trading of e-voucher, financial services under service commerce (S-commerce), Website development and maintenance and related ancillary services segment. It is primarily engaged in business of providing facility to make payments for a host of services, such as utility bill payment, renewal insurance premium, collection, telecom, mobile, direct to home (DTH) recharges besides travel ticketing (rail, air, and bus), domestics remittance services, merchant acquiring services and others. The Company’s subsidiaries include NSI Infinium Global Ltd and NUPI Infotech Limited.
SUVD - Suvidhaa Infoserve Ltd
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