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
Jain Studios Limited is engaged in the business of electronic media (broadcasting). The Company operated a 24-hour News and Current Affairs Channel under the brand name JAIN Television. The Company’s segments include Television, Education Infrastructure, and Technology, Mobile Health Services, Teleport, and Others. The Television segment is engaged in marketing, production, and broadcasting of television programs and advertisements. The Education Infrastructure and Technology segment is engaged in imparting full and part-time education. The Company’s Teleport segment includes uplinking, video clipping, and news feeding charges through digital satellite newsgathering equipment. The Others segment is engaged in the production and distribution of cinema photographic films. It offers a range of services under categories, such as electronic, including audio-video productions, and conventional and digital format films; print, including posters and brochures, and outdoor.
JSTD - Jain Studios Ltd
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