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
Coffee Day Enterprises Limited is an India-based company, which is engaged in the trading of coffee beans. The Company is engaged in business in multiple sectors, such as coffee-retail and exports, leasing of commercial office space, financial services, integrated multimodal logistics, hospitality and information technology (IT) / information technology enabled services (ITeS). The Company’s segments include Coffee and related businesses, Integrated multimodal logistics, Hospitality services and Investment and other corporate operations. The Company retails coffee and other products through its chain of outlets under the Cafe and Xpress kiosks formats, under the brand name Coffee Day. The Company’s flagship cafe chain brand Cafe Coffee Day (CCD) owns approximately 495 cafes in 158 cities and 285 CCD Value Express kiosks. There are 38,810 vending machines that dispense coffee in corporate workplaces and hotels under the brand.
CODE - Coffee Day Enterprises Ltd
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