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
Telecom Plus Plc is a United Kingdom-based holding company. The Company is also a multiservice provider. It provides utility services, including gas, electricity, fixed line telephony, mobile telephony, broadband and insurance services under the Utility Warehouse (UW)and TML brands. The Company supplies households and small businesses throughout the United Kingdom with a range of essential services, including energy, broadband, mobile and insurance under the UW brand. The Company operates through its wholly owned subsidiary, Utility Warehouse Limited.
TEP - Telecom Plus PLC
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