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
Tera Software Limited is an India-based company, which is a provider of smart city solutions. The Company is engaged in information technology (IT) and integrated related services. The Company’s segments include Integrated Solutions, Technical Division, Projects Division and other Services to customers globally operating. The Company offers a range of services, including Internet of Things, human capital management, experience design, enterprise risk and security, engineering and manufacturing, customer relationship management and consulting. Its products and services include solutions for smart cities, fiber net, last mile connectivity, preparation of modern record rooms, sales tax automation, road transport and vehicle registration authorities and more. It offers its services in various categories, such as e-governance solutions, system integration and networking, IT enabled services, software development and consultancy, GST billing, invoicing and filing software and more.
TERA - Tera Software Ltd
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