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Note on Purification and Zakat

  • 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

Aditri Gems & Jewels Industries Limited, formerly Aditri Industries Limited, is an India-based company, which is engaged in the retail sale of readymade garments. The Company is involved in the made-ups of textiles. The Company operates Anshu’s Designer Studio, which is a fashion house and designer boutique in Ahmedabad. The Company, through Anshu’s Designer Studio, offers a range of products, which include Indian ethnic wear, Indian wedding saris, wedding bridal saris, evening wear, party wear and Indian designer wear. Its collection includes Designer Sarees, designer Salwar Kameez, Bridal Collection as Bridal Sarees and Bridal Lehnga, party wear lehenga and party wear sarees. The Company offers kids wear under the LOLIPOP brand. Its Kalamkari brand offers middle class to high class women’s wear. The Company operates through brand outlets for trading of readymade garments.