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
VXL Instruments Limited is an India-based company engaged in manufacturing and trading of data processing units and development of software. The Company offers a line-up of entry, mid-range and high-performance desktop thin and zero client solutions. The Company offers various hardware products, including Xtona IQL2-12z, Vtona V200, Vtona V240, Itona IQL2-64, Itona IQL2-50, Itona IQL3-64, Itona IQL3-64D, Itona IQL3-50, Itona IQL3-59, Itona IQL3-50D and Itona IQL3-59D. It also offers a range of solutions for hybrid workspaces, PC repurposing and digital signage. Its software include Illumineye Digital Signage, Fusion Unified Endpoint Management (UEM), Fusion SecureDesktop, Fusion Universal Device Management (UDM) Professional, CloudDesktop, CloudDesktop On the Go, Fusion Application Delivery Controller (ADC) and Fusion ADC Web Application Firewall (WAF). Its Illumineye Digital Signage combines a suite of digital signage software for creating, managing and playing digital content.
VXL - VXL Instruments Ltd
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