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
Wah Fu Education Group Limited is a China-based holding company principally engaged in the provision of online education services and technology research & development services. Its online education services include Online Education Cloud Services (B2B2C) and Online Training Services (B2C). B2B2C provides online education platforms to institutions, such as universities and training institutions, and online course development service companies. B2C provides online training and examination preparation services directly to students for a fee. The Company operates its businesses mainly in domestic market.
WAFU - Wah Fu Education Group Ltd
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