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
Optiemus Infracom Limited is a diversified telecommunications company. The Company is primarily engaged in the trading and manufacturing of mobile handsets and mobile accessories. Manufacturing is majorly restricted for third party brands. It operates through the Telecommunications-Mobile Handset and Accessories segment. It is engaged in managing, distributing, manufacturing and retailing mobile brands and other telecommunication products in India. Its portfolio of brands includes BlackBerry, catering to high-end audiences, offering technology and security to customers through a brand licensing model. Kult, designed to offer a mobility experience, catering to the fast-paced, tech-oriented lifestyle of the millennials. Zen, designed to offer devices to the masses and less-evolved market segments. Molife is a mobile accessory brand that offers connectivity, entertainment and power through its product portfolio. It has three individual production units and two handset manufacturing units.
OPTI - Optiemus Infracom Ltd
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