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
Bajaj Auto Limited is an India-based manufacturer of two-wheelers, three-wheelers and quadricycles. The Company is engaged in the business of the development, manufacturing, and distribution of automobiles, such as motorcycles, commercial vehicles, electric two-wheelers, and parts. Its segments include Automotive, Investments and Others. Its motorcycles include Boxer, CT, Platina, Discover, Pulsar, Avenger, KTM, Dominar, Husqvarna, and Chetak. Its commercial vehicles include Passenger Carriers, Good Carriers, and Quadricycle. The Company’s geographic segments include India and the Rest of the world. The Company’s plants include the Waluj plant, Chakan plant and Pantnagar plant. The Company has five overseas subsidiaries: PT Bajaj Auto Indonesia, Bajaj Auto International Holdings BV, Netherlands, Bajaj Auto (Thailand) Ltd., Bajaj Auto Spain S.L.U. and Bajaj Do Brasil Comercio De Motocicletas Ltda and two Indian subsidiaries: Chetak Technology Ltd. and Bajaj Auto Consumer Finance Ltd.
BAJA - Bajaj Auto Ltd
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