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
Indian Terrain Fashions Limited is an India-based apparel retailer. The Company is engaged in offering the men’s smart casual category, selling under the brand Indian Terrain. It operates within domestic borders with apparel offerings ranging from shirts, trousers, shorts, and t-shirts. The Company also oversees the boys wear segment with fashion accessories, mainly belts, socks, wallets, and face masks. It is focused on two business segments, which are Men’s wear and Boys wear. Its clothing suite ranges from shirts, t-shirts, sweaters and jackets to trousers, shorts and denims for men. The Company retails across the country through over 200 outlets. The Company’s apparels are retailed through various channels across India, which are Multi-branded Outlets (MBO), Exclusive brand outlets (EBO), Large formats stores (LFO) and E-commerce platforms.
ITFL - Indian Terrain Fashions Ltd
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