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
Euro Multivision Limited (EML) is an India-based company. The Company is engaged in the manufacturing and selling of optical discs and solar photovoltaic cells. The Company operates through one product category – Optical Storage Media that includes compact disc Recordable (CDRs), and digital versatile disc recordable DVDRs. The Company’s products have various uses, such as data storage, recording and reproduction of audio and video media for entertainment, education, software installation, and others. The Company’s products also include solar cells, solar power plants, solar aluminum frames, solar streetlights, street & garden lights, solar rooftops, rooftops, solar water pumps and rural electrification. It also offers mono & multi-crystalline solar cells. The Company’s manufacturing facility is located at Taluka Bhachau, District-Kutch, Gujarat.
EUMU - Euro Multivision Ltd
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