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
Hexa Tradex Limited is an India-based company engaged in trading in various goods and services. The Company buys, sells, or otherwise trades and deals in goods, produce, articles and merchandise of all kinds, on a wholesale cash and carry basis. Its segments include Trading and other activities, and Investment and finance. Its portfolio includes minerals and metals, stainless and special steels, alloys and ferrous, non-ferrous metals, auto parts, tools and implements, dies, jigs, steel pipes and tubes and pipe fittings, iron and steel products, cast iron, steel and tubular structural, scrap, tubes and allied products, chemicals and petrochemicals, capital goods and household articles. It also offers general merchandise, household and grocery items, such as packaged food items, fruits, vegetables, toiletries and electronic items, electrical appliances, general merchandise, apparel, accessories, stationery items, over-the-counter drugs, home and office furnishing and beauty products.
HEXA - Hexa Tradex Ltd
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