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
Toople PLC is a provider of bespoke telecom services to the United Kingdom’s small and medium-sized enterprises (SMEs). The Company operates through the telephony services segment. The services offered by the Company and its subsidiaries include business broadband, fiber, ethernet first mile and ethernet data services, business mobile phones, cloud private branch exchange (PBX) and session initiation protocol (SIP) trunking, and traditional services (calls and lines). Through Direct Market Services Limited (DMSL) business, the Company also resells BT’s services and propositions and where relevant, across the SME market. DMSL’s services encompasses everything from telephone connections to voice over Internet protocol (VoIP) rollout for clients across multiple sites, which rely on an array of communications carriers in the United Kingdom, including BT, EE, TalkTalk, and O2. It has four trading brands, such as toople.com, dmsluk.co.uk, broadbandandphones.co.uk, and checkthatcompany.co.uk.
TOOP - Toople PLC
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