Can some one advise regarding the dept most companies show in their statements. How to calculate the interest payable or paid and thus the degree of purification required? Thanks
Welcome, @Aub! There are a few different schools of thought when it comes to purification. If you follow the dividend purification method, then you would only need to purify any dividends received. For instructions on how to calculate it, see my post here. All the underlying numbers can be found in Zoya on the Revenue Breakdown section of the shariah compliance report.
The AAOIFI purification method, however, requires purifying regardless of whether or not the company pays dividends. The process is a little more involved but we’ve outlined it in our FAQs here: How do I purify my investments? | Help Center