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
Xelpmoc Design and Tech Limited is an India-based company. The principal business of the Company is to provide technology services and solutions. Its solutions include technology, data science, and design. It offers a range of end-to-end technology-based solutions encompassing technology products and systems, integration solutions and infrastructure management services. Its products include X-Pand, X-Tact, and Claire.ai. Its X-Pand product is a kind of location intelligence tool, which combines internal sales and customer data with relevant external data. Its X-Tact product helps a political party understand public sentiments at the ground level. It provides booth-level insights at the time of elections as well as for management and governance for a party in power. Its Claire.ai product extracts 40 pre-defined entities, which includes attributes such as names (non-region specific), location-related information, monetary values, along with other custom-defined entities.
XELP - Xelpmoc Design and Tech Ltd
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