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
Gretex Industries Limited is engaged in the business of trading musical instruments. The Company is the sole authorized distributor of musical instruments (MI) and professional audio (PA) and audio visual (AV) products in Eastern and Northeastern India for globally renowned brands, including Yamaha, D’addario, Harman, Alphatech, and Sennheiser. Yamaha produces multiple musical instruments including Keyboards, Pianos, Drums, Guitars, Brass Instruments, Woodwinds, Violins, Cello, and Vibraphones as well as other electronic equipment such as headphones, studio monitors, digital mixers and more. D’Addario is a manufacturer of musical instrument strings and accessories, primarily for guitars but also many other fretted and orchestral instruments. Harman designs and engineers connected products and solutions for automakers, consumers, and enterprises worldwide, including connected car systems, audio and visual products, and enterprise automation solutions.
GREX - Gretex Industries Ltd
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