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
Uti Group SA is a France-based family business company that engages in the digital service. The Company provides a wide range of activity in respect to social, economic, and business sector based on the needs of customers. It specializes in consulting, information technology, and engineering in the fields of banking, commerce, finance, insurance, medical, marketing, statistical computing, industry, and services. The information systems department works based on the five divisions: big data, back office, front office, mobility, MOA, and recipes. The consultants design and support projects to help the clients through the management team to work together through people management, performance management, functional and technical testing. It is located in Paris, Lyon, Strasbourg and Marrakech.
UTIN - Uti Group SA
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