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
Asian Television Network International Limited (ATN) is a Canada-based media company. Its activities consist of providing specialty, pay television broadcasting and television broadcasting advertising in the South Asian community in Canada. The Company offers its ATN-HD general interest service, five Bollywood movie channels and a variety of channels that include three sports Channels, seven news Channels, six music Channels, four lifestyle Channels, three Chinese Channels, seven Punjabi channels, and several regional language channels. ATN operates a South Asian Radio Service on Satellite Radio across the United States and Canada. It has programming alliances with international broadcasters, namely Star Network (News Corp), Sony Entertainment Television, Viacom, Times Television Network, B4U Network and NDTV. ATN channels are available on various Cable, Satellite and IPTV Platforms across Canada, such as Shaw Cable, Bell TV, Rogers Cable, Bell Fibe TV, TELUS Optic TV and Cogeco Cable.
SAT - Asian Television Network International Ltd
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