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
Alexander Stamps and Coin Limited is an India-based company engaged in philatelic and numismatic activities. The Company operates through the Trading of Stamps, Coins & Antiques items segment. The Company is engaged in the trading business of buying and selling stamps, coins, artistic, aesthetic things, products, drawings, literature, journals, newspapers and others. It is also engaged in the business of collecting stamps, coins, historical newspapers and antiques. The Company has an e-commerce marketplace to trade stamps and coins, paper money, medals, post cards, rare original photos, autographs, historical evidence, maps, artifacts, handwritten religious books/articles and rare and historical newspapers. The stamps possessed by the Company are rare collections and collected by various Philatelists. The Company promotes digitization in the business of philatelic and numismatic activities through its Website, indianstampghar.com. It operates primarily in India.
ALEX - Alexander Stamps and Coin Ltd
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