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
Amara Raja Energy & Mobility Limited, formerly Amara Raja Batteries Limited, is an India-based manufacturer of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry. The Company is the manufacturer of automotive batteries and home uninterruptible power supply (UPS)/inverter batteries under the brands Amaron and PowerZone, which are distributed through a pan-India sales service retail network. It supplies automotive batteries under OE relationships to various automotive companies. It is a private label supplier for various brands. In India, it is the supplier to telecom service providers, telecom equipment manufacturers, the UPS sector, Indian railways and to the power, oil and gas, motive among other industry segments. Its Industrial Battery Division comprises brands, such as PowerStack, Amaron Volt, Amaron Sleek, Amaron Volt, Amaron Brute, and Amaron Quanta. Its products are exported to various countries in the Indian Ocean Rim.
AMAR - Amara Raja Energy & Mobility Ltd
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