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
Archies Limited is engaged in the business of greeting cards, stationery, gifts and retail sale of other goods in stores. The Company’s segments include Greeting Cards, Stationery and Paper Bag, Gifts and Others. It offers a range of gift items, such as greetings, perfumes, chocolates, stationery essentials, fragrances, mugs, jewelry, toys and accessories. It offers fashion accessories, including men and women accessories; watches; sunglasses; wallets; tie sets and cufflinks; bags and clutches; hair accessories, and tablet sleeves. It also provides kids products, including recordable storybooks, kid’s decor, school stuff, dolls and baby albums. It also offers home decor products, including desk accessories, photo frames, cushions, clocks and wall hangings. It offers stationery products, such as notebooks and journals; quotation books; scrap and record books; autograph and slam books; party invites, and shagun envelopes. The Company offers its products under the brand name, Archies.
ARGG - Archies Ltd
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