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
Advance Lifestyles Limited is an India-based company. The Company is engaged in the businesses of textile mills, trading of cloth, and property construction. It is focused on dealing in textiles and piece goods of all kinds, yam, threads, silks, art silks, cotton, woolens, nylon, synthetic rayon, made and allied materials, rayons and fabrics of all kinds, woven and non-woven cloths, industrial cloth, oil cloth, leather cloths, Hessian, jute cloths, man-made fibres including regenerated cellulose and e-rayons, nylon, and the like, textile auxiliaries, and sizing materials including starch. It is also focused on dealing in real and personal property of all kinds, in particular lands, buildings, hereditaments, business concerns or undertakings, and other properties in India.
ADLL - Advance Lifestyles Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.