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
FSN E-Commerce Ventures Limited is a consumer technology platform company. The Company is engaged in the business of manufacturing, selling and distributing beauty, wellness, fitness, personal care, health care, skin care, hair care products. It manufactures, sells and distributes their products on the online platforms or Websites, such as e-commerce, m-commerce, Internet, Intranet as well as through physical stores, stalls, general trade and modern trade, among others. Its lifestyle portfolio spans beauty, personal care and fashion products. Its business verticals include Nykaa, Nykaa Fashion and Nykaa Others. Nykaa includes beauty and personal care. Nykaa Fashion includes apparel and accessories. Nykaa Others include business-to-business electronic commerce (e-B2B) and Nykaa Man and other growth verticals. Its online channels include mobile applications, Websites and mobile sites. Its brands include Nykaa Cosmetics, Nykaa Naturals, Kay Beauty, Twenty Dresses, RSVP, among others.
FSNE - Fsn E-Commerce Ventures 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.