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
Diligent Media Corporation Limited (DMCL) is an India-based company, which is engaged in the business of printing, publishing and distribution of newspapers. The Company has its own printing press in Mahape, Navi Mumbai in Maharashtra, which houses hi-tech printing technology. The Company provides printing faciality to various other newspapers in Maharashtra on job work basis and also does printing of books, magazines, Inserts and Annual reports. The Company provides an English Newspaper DNA. DNA provides its readers with a composite unbiased picture of the city, the country, its financial markets, and news from around the world. Its portfolio, including DNA Money, DNA After Hrs, JBM-Just Before Monday and DNA Property. The Company, through its Website, provides news in various categories, including India, entertainment, sports, viral news, lifestyle, education, business, world, my money, photos, videos, explainers, latest news.
DILG - Diligent Media Corporation 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.