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
Taaleem Holdings PSC, formerly know as Madaares PJSC is a United Arab Emirates-based company that is engaged in the provision of primary, Intermediate, and secondary educational services and training. The Company, through its institutes, centers and schools, provides several educational courses and training, including languages training, computer programming, children development, religious studies and nursery. Furthermore, Taaleem Holdings PSC provides kindergarten as well as baby-sitting services.
TAALEEM - Taaleem Holdings PSC
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