FAQs

Question

What are the different methods available for purging of impure income

Answer

There are two prominent purging methodologies practised globally. One is the dividend based purging method, and the second is the purging method of TASIS, which is close to that of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), which is the most credible and esteemed body setting rules regarding Islamic Finance.
TASIS, the premier Shariah advisory financial services provider from India has the most accurate and equitable purging method. It is close to the AAOIFI method.

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