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
Banaras Beads Limited is engaged in the manufacturing and exporting of handicraft items, such as glass beads necklaces and imitation jewelry. The Company also manufactures other articles of gold silver and other precious and semiprecious metal and stone. It provides beads made from clay, brass, aluminum, copper, resin, ceramics, horn, bone, semiprecious stones, agate, lac, hand painted beads, and spray-painted beads. It also trades in leather cords, cotton wax cords and handicraft products. Its glass beads are handmade (lamp work) as well as machine made (pressed beads and tube cutting machine). The company’s products include seed beads, bone beads, faceted crystal beads, metal beads, soap stones, wooden, fancy beads, gold stone, dichroic, hand painted, silver foil, Kashmiri beads and shapes.
BANB - Banaras Beads Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.