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
Hathway Cable and Datacom Limited is an India-based holding that is primarily engaged in the distribution of Internet services and other allied services. It operates through the Broadband Business and Cable Television segments. The Company’s Broadband Business segment is a cable television services provider to offers high-speed cable broadband services over 16 cities (4 metros and 3 mini-metros). It provides programs, which include documentaries, TV shows, business and finance, sports, films, and kids. The Company offers its cable television services to over 109 cities and towns operating in pan India regions. It offers home broadband and business broadband services. The Company offers fiber Internet services and multi-office connectivity under business broadband. It also provides an Internet Leased Line service. Its subsidiaries include Hathway New Concept Cable & Datacom Limited, Hathway Software Developers Limited, Hathway Digital Limited and Hathway Broadband Limited.
HAWY - Hathway Cable and Datacom Ltd
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