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
Birla Tyres Limited is an India-based company, which is engaged in the business of manufacturing and dealing in automotive tyres. The Company markets its automobile tyres under the brand name Birla Tyres. Its manufacturers tyres for two wheelers, three wheelers, small commercial vehicles (SCV)/light commercial vehicles (LCV), truck & buses bias, truck & bus radial, farm, mining, industrial & off the road (OTR), and type guide. Two-wheeler tyres include Roadmaxx, BT Safemaxx, BT Citymaxx and BT Sportmaxx. Three-wheeler tyres include Hulk SL, Hulk hug and Hulk Rib. Small/light commercial vehicle tyres includes ultra-drive platina, ultra-miler platina, standard LCV tyres and road miller. Earth mover tyres include kalapatthar (new), kalapatthar plus (new), ultra tac, grader max, ultra-grip, ultra-trac, ultra-port and ultra-trac.
BIRT - Birla Tyres Ltd
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