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
Hindware Home Innovation Limited is an India-based company, which is engaged in providing building products. It is also engaged in consumer appliances business. It is focused on manufacturing, branding, marketing, sales and distribution, and service of various product categories. The Company operates through three segments: Building Products, Consumer Appliances, and Retail Business. Its Building Products business includes the flagship business of sanitaryware, faucets, premium tiles and plastic pipes and fittings business. The Company’s TRUFLO by Hindware brand offers plastic pipes and fittings. Its Consumer Appliances product portfolio includes kitchen appliances including chimneys, cooktops, dishwashers, built-in microwaves, and hobs, sinks and water purifiers. It also offers air coolers, ceiling and pedestal fans, kitchen and furniture fittings. The Retail Business offers specialty home interior products through modern format stores and digital platforms under the brand EVOK.
HIIL - Hindware Home Innovation Ltd
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