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
Gala Global Products Limited is an India-based company that is engaged in printing of stationery items. Its School Stationery items include Exercise Books, Counter Books, Drawing Books, Composition Books, Pens, Sharpeners & Erasers, Crayons & Watercolors, Sketch pen & Pencil Colors, School Bags, Pouches, Answer Sheets & Supplementary, Customized School Kits. Its Office Stationery items include Spiral & Wire Diaries, Date Diaries & Planners, Files & Folders, Printed Stationery, Registers, Loose Leaf Pads, Writing & Shorthand Pads, Laptop Bags, Thermal Paper Rolls, Cello Tapes. Its Educational Products items include Story Books, Sketch Books, Coloring Books, Educational Charts, Flash Cards, Learning Boards, board Game & puzzles, Wooden Puzzles, Wooden Game & Toys, Jigsaw Puzzles, Foam Learning Game & Puzzles, Art & Craft Games. Its Digital & Offset Printing items include Spiral & Wire Diaries, Date Diaries & Planners, Files & Folders, Printed Stationery, Registers, Loose Leaf Pads.
GALP - Gala Global Products Ltd
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