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
Praxis Home Retail Limited is an India-based home retail company. The Company operates through the retail segment. The Company offers everything needed to furnish a home from furniture, homeware, decor and furnishings, modular kitchen, kitchenware, bathroom accessories and design and build consultation and services. The Company operates approximately 43 stores across 28 cities in furniture and home fashion under the brand name HomeTown. The Company also enables its presence across its Web portal and mobile app: Hometown.in, as well as in online marketplaces, such as Amazon, Pepperfry and Flipkart.
PRAX - Praxis Home Retail 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.