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
Traffic Technologies Ltd is a traffic solutions company that offers advanced traffic management through its hardware and software solutions. Through its Traffic SmartCity Technology (TST) platform, it enables the integration of streetlights and other traffic management equipment into a central control/management system via remote Internet of Things (IoT) sensors. It specializes in smart city control systems, LED road and streetlights along with the design, manufacture and installation of traffic signals, traffic controllers, pedestrian countdown timers, electronic road signs, emergency telephones and road lighting products. It also supplies a range of directional and regulatory traffic signs and traffic control products to road traffic authorities, municipal councils and construction companies. Its Intelligent Transport Systems (ITS) business focuses on the design, development, manufacture and supply of electronic road signage and software systems to customers across Australia.
TTI - Traffic Technologies Ltd
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