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
Samruddhi Realty Limited is an India-based company that is engaged in the business of real estate development. The Company is engaged in developing residential projects in Bengaluru. The Company’s wholly owned subsidiary is Samruddhi Gruha Nirman Private Limited.
SAMU - Samruddhi Realty Ltd
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