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
Future Enterprises Limited is an India-based integrated fashion business company. The Company is engaged in the business of manufacturing, trading, leasing of assets, logistics services and joint ventures with life and non-life insurance services. The Company provides solutions to general retailers/retail stores and wholesale trading of fast-moving consumer goods products. Its business Future Supply Chain (FCS), which provides information technology enabled end to end supply chain and logistics, such as warehousing, express logistics, cold chain, and e-commerce logistics. Its Future Generali India Insurance business provides solution to customers and enterprises through retail, commercial, personal, and rural product offerings. Its Work Stores Limited is engaged in consumption space of office supplies, office equipment and products. Its subsidiaries include Futurebazaar India Limited, Future Media (India) Limited, Bluerock eServices Private Limited, and Ritvika Trading Private Limited.
FURE - Future Enterprises Ltd
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