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
Adcon Capital Services Limited is an India-based company. The Company operates as a Non-Banking Financial Company (NBFC) and is in the business of finance and investments. The activities of the Company include providing loans and advances, investment in shares of other companies and providing other related financial services.
ADCN - Adcon Capital Services Ltd
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