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
Jullundur Motor Agency (Delhi) Limited is an India-based company engaged in the distribution of spare parts. The Company is engaged in trading and distribution of automobile parts, accessories and petroleum products in India. The Company deals in products, such as brakes, bearings, clutches, cooling system, engine components, suspension, power steering, oil and lubricants, filters and others. The Company has approximately 77 branches, over seven regional offices and caters to approximately 75,000 dealers covering various vehicles. Its subsidiaries and associate companies include JMA Marketing Limited, Jullundur Auto Sales Corporation Limited and ACL Components Limited.
JULL - Jullundur Motor Agency (Delhi) Ltd
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