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
Force Motors Limited is an India-based vertically integrated automobile company. The Company is engaged in the design, development, and manufacture of automotive components, aggregates and vehicles. The Company’s range of products include Light Commercial Vehicles (LCV), Multi-Utility Vehicles (MUV), Small Commercial Vehicles (SCV), Special Utility Vehicles (SUV) and Agricultural Tractors. Its Agricultural Vehicles include Balwan 400 Super, Orchard Mini, Sanman 5000, and Abhiman 4X4. Its Commercial vehicles include citiline, ambulances, school buses, passenger carriers, and goods carriers. It also has vehicles under the name Gurkha. It provides solutions for transport-both goods, as well as passenger-rugged, transport solutions for rural or urban, long distance or local, over good roads or bad tracks. The Company exports its range of products to various countries in the Middle East, Asia, Latin America, and Africa. The Company’s subsidiary is Tempo Finance (West) Private Limited.
FORC - Force Motors Ltd
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