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
Laxmi Goldorna House Limited is an India-based real estate company. The Company is into the construction and development of residential and commercial projects. Its projects include Laxmi Villa Greens, Laxmi Villa-II, Laxmi Eternia, Laxmi Ashiyana, Laxmi Sky City, and Laxmi Nivas. The Company is also engaged in the manufacturing and trading business of branded gold Jewelry and ornaments. It is the business of processing, wholesale and retail trading of gold jewelry and ornaments. Its manufactured product includes gold jewelry with or without studded precious and semi-precious stones. The Company has developed a range of designs and patterns on job work for its traditional, modern, and Indo-Western jewelry using three-dimensional (3D) computer-aided designing (CAD) software.
LAXI - Laxmi Goldorna House Ltd
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