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
3rd Rock Multimedia Limited is an India-based event management company. The Company conducts film promotions, international events, corporate events and cultural events. The Company’s entertainment properties include 3rd Rock Fashion Fiesta and 3rd Rock Calendar. Its services include event management, artist management, line producer, song producer, digital marketing and public relations (PR) management. The Company’s association with various events in Mumbai includes Bryan Adam’s Live in Concert, Michael Learns to Rock (MLTR) Eternity Concert, 3rd Rock’s Calendar Launch 2011-2012, Airtel I Phone 4 Launch and ISPL Cricket Tournament 2012.
3RDR - 3rd Rock Multimedia Ltd
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