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
XTGlobal Infotech Limited is an India-based company that provides software product development, training and software services. The Company’s solutions include Oracle Cloud, Oracle On-Premise, Oracle Support Services, Oracle Value Models, Oracle Integrations and Oracle Analytics. The Company helps the client move the client’s application servers and databases to Oracle Cloud. It provides complete services to the full suite of Oracle e-business applications. It creates solutions around Oracle technologies, which integrate with on-premise, cloud, and multi-cloud environments. The Company provides various services, including application transformation management, cloud and infrastructure, digital business services, quality assurance, robotic process automation, and product engineering.
XTGL - Xtglobal Infotech Ltd
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