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
MPS Infotecnics Limited is an India-based information technology (IT) solutions provider. The Company has a software development facility at Bangalore, India’s Silicon Valley and another one at Gurgaon, the IT hub south of the Capital City of New Delhi. The Company’s solutions include Business Soft, Business Pro and Signdomains. Its services include Enterprise Solution, E-Business, Hardware & Network Solutions, and Biometrics. Enterprise Solution is an enterprise resource planning system is a generic term for an integrated enterprise computing system. Enterprise resource planning system offered by the Company includes Business Soft and Business Pro. E-Business is a high-end mission critical solutions integrated value added collaboration networks, such as supply chain management, e-marketplaces, customer relationship management, knowledge systems, intranet and extranet. Biometrics is the automated method of recognizing a person based on a physiological or behavioral characteristic.
VIFY - MPS Infotecnics Ltd
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