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
Kothari Products Limited is an India-based company, which is engaged in international trade and real estate activities. The Company’s segments include Trading Items and Real Estate etc. Its business includes international trade, investment in securities, real estate ventures, hospitality and education. It is also engaged in the import and export trade of various products/commodities, including Agro-based commodities, minerals, metals, petroleum products and coal, tiles, notebooks, computer storage devices, computer hardware, electronic components, transformers, copier paper, steel, scrap and PVC and others. The Company itself and through its associates and other promoter group companies has substantial investment in the real estate sector in the commercial, residential, retail, hospitality segments, land and development. It has various projects of commercial and residential space in Bangalore. The Company also invests its funds in stocks and mutual funds.
KPRO - Kothari Products Ltd
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