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
Virtualsoft Systems Limited is engaged in the business of pioneering broadband, virtual events and providing mobile roaming services and solutions. It is creating, integrating, optimizing roaming, mobile first communications and collaboration platforms, applications, and information technology (IT) solutions to provide small and large enterprises a communication of business and communications experience in hybrid workplaces and phygital commerce. It uses the technologies of the day to set up the infrastructure needed for streaming interactive media content over the Internet, intranet or extranet. A system called vCode guarantees delivery of audio, video, and multimedia files across both narrowband and broadband networks. Its enterprise communication platform called vReach utilizes existing corporate computing and communications infrastructure to make real-time business meetings and events more convenient by reducing travel and extending its reach to globally dispersed customers.
VIRT - Virtualsoft Systems Ltd
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