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
WSFx Global Pay Limited (WSFx) is a Reserve Bank of India (RBI) licensed, Authorized Dealer Category II Foreign Exchange House. The Company conducts its business through its digital platforms and with a network of approximately 16 branches. WSFx provides forex prepaid cards, outward remittance services and currency exchange services to corporate travellers, leisure travellers, students, and millennials. WSFx offers multiple platforms and products, such as WSFx Smart Corporate Platform, WSFx Smart Agent Platform, WSFx Smart Fx App & & Web Portal, and WSFx Smart Currency Card. WSFx Smart Corporate Platform is a fully integrated digital forex ordering solution for corporate customers. WSFx Smart Agent Platform is a lead management and forex order processing solution for its agent partners. WSFx Smart Fx App & Web Portal is a consumer app and Web portal designed for students and millennials for their forex and remittance requirements with digital customer on boarding though Video KYC.
WSFX - WSFx Global Pay Ltd
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