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
Tata Communications Limited is an India-based company, which is a global digital ecosystem enabler. It offers digital transformation of enterprises globally. The Company’s Voice Solutions segment includes international and national long distance voice services. Its Data Services segment includes core and connectivity services, digital platforms and connected services. Its Payment Solutions segment includes end-to-end automated teller machine (ATM) deployment, end-to-end point of sale (POS) enablement, hosted core banking, end to end financial inclusion and card issuance and related managed services and switching services to the banking sector. Its Transformation Services segment includes the business of providing telecommunication network management and support services. Its Real Estate segment includes lease rentals for premises given on lease. The Company through its subsidiary, Kaleyra, Inc., offers omnichannel integrated communication services with a set of platforms.
TATA - Tata Communications Ltd
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