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
Bata India Limited is an India-based footwear retailer and manufacturer. The Company is primarily engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network. The Company offers various brands, including Bata, Bata Comfit, Hush Puppies, North Star, Power, Bata Red label, Scholl and Weinbrenner. Its non-retail business division comprises of multi-brand outlets, key accounts, industrial and institutional business divisions and exports. The Company offers their products for men, women and kids. Its product categories include shoes, bags, apparels and accessories. The Company products include ballerina, casual shoes, chappals, flipflops, sandals, handbags, wallets and clutches, joggers and bottoms, t-shirt and polos tights, formal shoes, loafers and moccasin, and sandals and floaters. The Company serves retail and institutional customers. It serves institutional customers through its non-retail business.
BATA - Bata India Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.