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
Sambhaav Media Limited is an India-based company. The Company is engaged in the business of publishing newspapers and magazines, audio-video media in the form of the public entertainment system and digital media by way of online portals, social media and varied advertising and communication. The Company’s segments include Media and Allied Business and Technology and Allied Business. Its media products include Sambhaav Metro, which is an informative afternoon daily, Abhiyaan-weekly magazine for the family; Wise TV, which is a public entertainment system; VTV News, which is a Gujarati news channel; Top FM, which consists of about eight frequency modulation (FM) radio channels in Gujarat and five FM radio channels in Jammu and Kashmir, and VTV Gujarati, which is a digital portal. The Company has launched a Web portal for news, entertainment, gaming, and knowledge sharing. The Company also launched iOS and Android-based mobile applications.
SMBH - Sambhaav Media Ltd
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