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
Xchanging Solutions Limited is an India-based information technology (IT) services provider. The Company operates in India, as well as internationally through its subsidiaries in the United States and Singapore. The Company operates through a single segment, Software Services. The Company’s subsidiaries include Nexplicit Infotech India Private Limited, Xchanging Solutions (Singapore) Pte Limited and Xchanging Solutions (USA) Inc.
XCHA - Xchanging Solutions Ltd
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