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
Walchand PeopleFirst Limited is an India-based company engaged in talent development and consulting. The Company is engaged in the business of imparting training in soft skills like leadership, communication, presentation, and others. It has franchise rights to offer, sell, teach, and impart the training methods, techniques and programs developed by Dale Carnegie Training & Associates, U.S.A. to individuals and employees of the corporate. It provides a range of people’s development services across sectors ranging from corporates and nonprofits to educational institutes and government entities. Its solutions include learning and development, human resource (HR) consulting, education and skilling, corporate social responsibility (CSR) and social projects, and Dale Carnegie Programs. It provides an array of solutions for its customers with interchangeable formats that allow it to create customized solutions to meet the needs of a large enterprise, a small business, and an individual.
WACC - Walchand Peoplefirst Ltd
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