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
Chandrima Mercantiles Ltd is a jewelry wholesaler. It is involved in trading of different types of jewelries, bullion and ornaments. The Company was founded in December 1982 and is located in Ahmedabad, India.
CHAR - Chandrima Mercantiles Ltd
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