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
Mirza International Limited is an India-based leather footwear manufacturer, marketer, and exporter. The Company’s segments include the Export Division and the Domestic Division. The Export Division and the Domestic Division is engaged in the manufacturing of finished footwear, leather, and other items. Its Private Label/White Label Business is engaged in design, development, manufacturing, export, and sale of leather footwear to various private labels in the United Kingdom, the United States European and non-European countries. Its Branded Business/Redtape Business is engaged in design, development, trading, marketing, and retailing of leather shoes, sports shoes, garments and the apparel and other accessories under REDTAPE and other brands owned by the Company. Its Leather Tannery Business owns and operates tanneries in India, which is engaged in procuring and processing leather. The Company’s other brands include Thomas Crick, Off The Hook London, and Oaktrak.
MIRZ - Mirza International 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.