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
Prabhat Technologies (India) Ltd is an India-based telecom technical support company. The Company is engaged in designing, assembling, and customizing the import and distribution of mobile handsets, wireless dongles / data-cards, data products and mobile / telecom accessories. It sells mobiles and Internet data cards and smart phones / tablets, fixed wireless terminal, and high-end telecom devices under brand name Xccess. The Company also sells its accessories under the brand name V3 Mobiles. The Company designs, assembles and distributes code division multiple access (CDMA)/global system for mobile communication (GSM) feature handsets under the brand name V3 Mobiles. The GSM feature handsets are designed, assembled, and distributed under the brand Xccess. Its online e-commerce platforms deal with cosmetics, books and stationery, computer accessories, fashion accessories, gift items, home decor, household products, toys, garments, clothes, and car accessories.
PRAH - Prabhat Technologies (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.