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
Fervent Synergies Limited is an India-based company engaged in trading food items and financing/investment. The Company operates through two segments: Foods Business Division and Finance Business Division. Foods Business Division is engaged in trading almonds. Its Finance Business Division is engaged in business activities of erstwhile amalgamating companies i.e., funds lending, investing in fixed term deposits and similar securities.
FERV - Fervent Synergies Ltd
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