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
KSS Limited (KSS) is an India-based diversified media company engaged in the business of production/distribution of movies and television serials. It is engaged in the business of content distribution and exhibition of feature films and other activities, through its subsidiaries. KSS is also engaged in the jewelry business. Its segments include Movie Digitization, Miniplex Theater, Miniplex Theater and Film Production & Distribution. The Company focuses on the entertainment film business with three business entities focusing on digital cinema rollout, the building of miniplex cinema screens, and alternative content programming in cinema theatres, respectively. KSS business units include KSS Digital Cinema, KSS Miniplex and K Kampus Education. The Company’s subsidiaries include K Sera Sera Miniplex Limited, K Sera Sera Digital Cinema Limited, Birla Jewels Limited, and Birla Gold and Precious Metal Limited.
KSSL - KSS Ltd
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