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
Zuora, Inc. provides a cloud-based subscription management platform. The Company’s solutions enable companies across multiple industries and geographies to launch, manage and scale a subscription business, automating the quote-to-cash and revenue recognition process, including quoting, billing, collections and revenue recognition. Its solution includes Zuora Platform, Zuora Billing, Zuora Revenue, and Zephr. Its Zuora Platform acts as an orchestration engine for all subscription data and processes. Zuora Billing helps users to set payment terms, manage billing relationships, consolidate invoicing across multiple subscriptions, and tax transactions. Zuora Revenue is a revenue recognition and automation solution that accounting teams use to manage their complex revenue streams. Zephr is a digital subscriber experience platform that helps companies, including those in the digital publishing and media industry. The Company’s solutions also include Zuora Collect and other software.
ZUO - Zuora Inc
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