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
Usha Martin Education & Solutions Limited is an India-based company that is engaged in educational support services. The Company is engaged in providing training to both freshers and professionals in different technical and functional modules of enterprise resource planning (ERP). In addition, it is engaged in impart training on e-commerce, customer management software (CRM) software and sales force commerce cloud. It operates training centers for various higher education courses under the brand name, Usha Martin Academy. It offers end-to-end education and school management solutions. It provides global certification training programs. The Company’s services include Systems Applications and Products (SAP) certification courses, big data analytics, hybris, industry connect, university connect and career development programs. It has also helped in establishment of several K-12 schools in the Eastern part of India. Its wholly owned subsidiary is Usha Martin Education Private Limited.
USME - Usha Martin Education And Solutions Ltd
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