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
Ashok Leyland Limited is an India-based company that is engaged in automobile manufacturing. The main activities of the Company relate to manufacturing, sales, vehicle and housing finance, IT services and services related to a wide range of commercial vehicles. The Company is also engaged in manufacturing engines for industrial and marine applications, forgings and castings. Its segments include Commercial vehicles and Financial service. Its truck product categories include haulage, ICV, tippers and tractors. Its bus product categories include city, intercity, school and college, staff, stage carrier, and tourist. The Company’s light vehicle product categories include light commercial vehicle, small commercial vehicle, goods carrier and passenger. The Company’s power solutions include agricultural engines, diesel generators, industrial engines, marine engines and gas genset. Its defense products include armored, high mobility, light tactical, logistics, simulator and tracked vehicles.
ASOK - Ashok Leyland Ltd
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