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
Symphony Limited is an India-based company, which is engaged in manufacturing of residential, commercial and industrial air cooling and other appliances both in the domestic and international markets. The Company’s segments include Air Cooling and Other Appliances Business. Its geographical segments include India and Rest of the world. Its products include Household Coolers, Commercial Coolers, Large Space Venti-Cooling and Tower Fans. The Household Coolers products include Sumo 75 XL DD, Sumo 115 XL, Sumo 75 XL, Sumo 70 XL, Sumo 40 XL, Jumbo 41, Touch 35 and others. Its Commercial Coolers products include Movicool 65-S, Movicool L 125, MovicoolL 200i, Movicool DD 125, and others. Its Large Space Venti-Cooling products include Venti-Cool 8U, Venti-Cool 10U, Venti-Cool 20U, Venti-Cool 25U and others. Its Tower Fans products include Symphony Surround-I, Duet i-S, Duet and others. It serves various sectors, such as healthcare, warehouse, educational, retail and others.
SYMP - Symphony Ltd
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