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
KDDL Limited is an India-based engineering company. The Company is engaged in manufacturing of watch components (watch dials and watch hands), precision engineering components and press tools. The Company’s segments include Precision and watch components, Watch and accessories, Marketing support and other services, Luxury cars, and Others. Its Precision and watch components segment are engaged in manufacturing and distribution of dials, watch hands and precision components. Its Watch and accessories segment is engaged in trading of watches and accessories. Its Marketing support and other services segment provides information technology (IT) based business solutions. Its Others segment is engaged in manufacturing and distribution of packaging boxes. The Company also manages the retail chain luxury Swiss watches in the organized sector through its subsidiary, Ethos Limited. It has manufacturing facilities at Pawanoo (Himachal Pradesh), Derabassi (Punjab), and Bangalore (Karnataka).
KDDL - KDDL Ltd
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