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
Amin Tannery Limited is an India-based manufacturer and exporter of finished leather and leather shoes. The Company’s segment is leather and leather related products. Its finished leather products include AT FL 001, AT FL 002, AT FL 003, AT FL 004, AT FL 005, AT FL 006, AT FL 007, AT FL 008, AT FL 009, AT FL 010, AT FL 011, AT FL 012 and AT FL 013, among others. The Company’s leather shoes include SS-9170, SS-9161, EDGAR, ELEMENT, SS-9200, SS-9315, SS-9335, SS-9406 and SS-9315, among others. Its leather boots include SS-9419, SS-9011, SS-9189, SS-9414, SS-9399, MOGUL NEW, SONIC, SS-9386, SS-9382, SS-9387 and SS-9392, among others.
AINT - Amin Tannery Ltd
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