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
JSW Holdings Limited is an India-based core investment company. The Company is also a non-banking financial company. The Company is primarily engaged in the business of investing and financing. The Company is engaged in the business of investing in shares of group companies, granting loans and providing security by way of pledges on shares to the group companies, for which the Company receives dividends, interest and pledge fees. The Company operates in various sectors, including steel, energy, infrastructure, cement, paints, venture capital and sports. The Company also operates in various countries, such as India, the United States, Europe and Africa. The Company’s associate companies include Sun Investments Private Limited and Jindal Coated Steel Private Limited.
JNSW - JSW Holdings Ltd
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