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
Honeywell Automation India Limited (HAIL) is an India-based company, which is engaged in the business of automation and control systems. The Company operates through three automation sector businesses, which include manufacturing of electronic systems and components, repair and maintenance and trading of machinery, equipment and supplies. Its Process solution business offers a portfolio of industrial automation products and solutions. The Building Solutions business provides automation and control technologies that help make buildings green and safe in the verticals, such as industrial, data center, pharma, healthcare, energy, premium commercial, transport and infrastructure. The Building Management Systems business is engaged in the business of building automation space. The Advanced Sensing Technologies business offers pressure switches, airflow sensors, humidity and temperature sensors, and oxygen and breath sensors, in the healthcare and other industrial verticals.
HONE - Honeywell Automation India Ltd
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