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
Aplab Limited is an India-based company, which is engaged in the manufacturing, marketing, and sales and servicing of professional electronic equipment business. The Company has four independent product divisions, such as Test and Measurement Instruments, Power Conversion and Controls, uninterruptible power supply (UPS) Systems, and Banking and Retail Automation. Its products and services include UPS system, high power DC system, solar energy system, power supplies, test and measurement, banking and retail automation, design and manufacturing services, power energy saver, laboratory instruments and product services. Its UPS systems include industrial UPS, static transfer switch (STS), frequency converter, and inverter and ultra isolation transformer, among others. It designs and produces military grade products for the armed forces. It serves various market verticals, such as education and research, defense, avionics and space research, telecom and broadcasting services, and retail.
APLE - Aplab Ltd
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