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
Trinity League India Limited is an India-based company that is engaged in providing financial consulting services. The Company is in the business of rendering financial advisory services, investment advisory services, insurance-related risk management services, management consulting services, and carrying out valuation certification and loss assessment for assets of various kinds. It offers financial consulting and management consulting services and provides advice, services, and consultancy in various fields. The Company also engaged in monitoring of the agriculture insurance scheme and other related services.
TRII - Trinity League India Ltd
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