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
Aartech Solonics Limited is an India-based system solution-oriented research and development company that is engaged in the field of specialized and selected energy appliances. The Company is engaged in the manufacturing of electricity distribution and control apparatus. The Company’s electrical apparatus is used for switching or protecting electrical circuits, which includes switches, fuses, voltage limiters, surge suppressors, junction boxes and others. The Company’s electrical apparatus offers a voltage exceeding 1000 volts; similar apparatus including relays and sockets for a voltage not exceeding 1000 volts, and boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity, including power capacitors. Its products include BTS 2000 Fast Bus Transfer Systems, KranKing Ultracapacitors, Control Relay Panels, Load Checkers, CLiP Fault Current Limiters, Bestcase, WTC Machine and Gsun.
AART - Aartech Solonics Ltd
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