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
Five Core Electronics Limited is an India-based manufacturer and exporter of a range of electronic products. The Company’s products includes home appliances, public address systems, car speakers, woofers, amplifiers, bass tubes and tweeters, home theaters, computers speakers, personal speaker systems, headphones, and earphones. It offers various microphones, including wireless conference system, wired meeting microphones, interview microphones, classic retro microphones, karaoke microphones, recording microphones and other. The Company provides a range of speakers, including wall speakers, large speakers, full range speakers and other. Its horns and megaphones catalogue includes gypsy horns, reflex horns, trumpet horns, driver units and other. The Company offers its products in approximately 65 countries.
FIVC - Five Core Electronics Ltd
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