Purification (A Must-Know Step)
Last updated 10 months ago
Step 1: Access the Purification Tool
There are multiple ways of accessing the Purification calculator.
From the side Navigation Bar:
Open the side Navigation bar and scroll down to the Tools section..
Click on the “Purification calculator” tab under the tools section.
From Quick Links:
Scroll down to the Quick Links section at the bottom of the homepage .
Click on the Purification Calculator link to access it.
Direct Access:
Use this link to go directly to the calculator: Musaffa Purification Calculator.
Step 2: Enter Stock Details
Once on the Purification Page, input the necessary stock details, including:
Stock name or symbol.
Relevant transaction details.
The tool will calculate the purification amount for the stock.
Step 3: Follow the Guidance
The purification tool will provide details on the amount you need to cleanse to ensure your investment is Shariah-compliant.
Note: Purification can also be calculated for a connected brokerage account directly. For this, after a brokerage account is connected and the portfolio is updated with holdings properly, go to the ‘Purification’ tab to see the purification amount.