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
VJTF Eduservices Limited is engaged in the business of education services, education infrastructure, curriculum development, training, management of institutions and education audits. The Company provides consultancy and advisory services, including institutional management; creating and setting up of institutions, upgradation of existing set-ups; curriculum development and designing; education quality audits; human resources (HR) and administration support to institutions; training programs; education consultancy and advisory services for promotion of women education; and training and implementation of CIPP, IGCSE and other international programs in Institutions. Its education programs include Witty Kids, Witty International School, Witty Inclusive & Special Education, Witty Institute of Teacher Training, and I & My Child. The Company provides services to operational education projects. It also provides required auxiliary/support services to other companies in the education sector.
VJTF - VJTF Eduservices Ltd
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