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
Inceptum Enterprises Limited, formerly Angels Enterprises Limited, is an India-based company, which is engaged in sales business. The Company is engaged in the business of import, export, buy and sell or deal in a range of agriculture commodities, including food items, such as rice, cereals, pulses, spices, oil seeds, food grains and dry fruits. The Company also operates as general merchant and trader in goods and commodities, commission agent, buying selling agent, and importer and exporter of agro products and food stuff. The Company is engaged in crop production. The Company is engaged in offering food grains, dry fruits, vegetables and vegetables products. It is also engaged in processing and marketing of packed food products. It is engaged in designing plant for the production of agro-chemicals, apparatus and tools. It offers advisory services to agro industry, such as market assessment, benchmarking and techno economic feasibility studies.
INCE - Inceptum Enterprises Ltd
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