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
Avro India Limited is an India-based company. The Company is engaged in the manufacturing of plastic molded furniture. The Company sells its products under brand names AVRO and AVON on all India basis through online and offline mode. Its products include Platinum Rattan Chair Matt and Gloss, 7756 Matt and Gloss Chair, 7756 Matt and Gloss Chair (1pcs), 5052 MATT AND GLOSS CHAIR, 9955 MATT Chair, 7756 Matt and Gloss Chair (Set Of 2 Chairs), 3190 Matt and Gloss Chair, Roma Spine Care Design, 3190 Matt and Gloss Chair, Roma Spine Care Design, 3581 Matt and Gloss Chair, VIVA CENTER TABLE DOUBLE TOP, Delta Dining Table Single TOP, and NEXA DINING/OFFICE TABLE, among others. Its products are used in auditoriums, schools, colleges, dhabas, restaurants, hotels, homes, and gardens for both indoor and outdoor use. The Company products are available online and offline through Flipkart, Amazon, Meesho, Jiomart, Indiamart and with approximately 15000 retailers across India.
AVRI - Avro India Ltd
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