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
Cineline India Limited is an India-based company, which is engaged in movie exhibition business under the MovieMax brand. The Company operates through the Cinema Exhibition segment. The Company offers movies of all Indian languages and Hollywood and world cinema to cater to the diverse tastes of patrons. The Company has spacious auditoriums with comfortable seating as well as accessible locations. It also offers food and beverages, featured drinks and food, including freshly made popcorn in all its concessions. Its Cinemas include MovieMax: Andheri; MovieMax: Sona Shopping Centre, Kandivali; MovieMax: Goregaon; MovieMax: Mira Road; MovieMax: Sion; MovieMax: Eternity Mall, Thane; MovieMax: Wonder Mall, Thane; MovieMax: Huma, Kanjurmarg; SM5: Kalyan; MovieMax: AMR, Hyderabad; MovieMax: Gulshan Noida; MovieMax: Pacific Mall Ghaziabad; MovieMax: Shalimar Gateway, and MovieMax: Eternity, Nagpur.
CIIN - Cineline India Ltd
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