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
Goel Food Products Limited is an India-based company, which operates and manages the banquet and Indian snacks and sweets shop business. The Company is engaged in providing services, such as organizing events like weddings, sangeet, ring ceremonies, birthday parties, anniversary parties, kitty parties, corporate events, kirtans (devotional singing), thread ceremony at the banquet halls and serving Indian snacks and sweets at the retail shop. It also operates hotels and guest houses. The Company operates and manages the banquet and Indian snacks and sweets shop business under the name BIKA at various locations in Kolkata. It has about eight banquet spaces across Kolkata and Howrah, which hosts more than 1000 weddings and social functions every year. It owns Sohotel at Rangoli Mall, Howrah, with more than 50 rooms and three banquet spaces for different corporate and social events.
GOEL - Goel Food Products 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.