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
Lumax Auto Technologies Limited is an India-based diversified auto component manufacturer. The Company commenced its operations with the manufacture of two-wheeler lighting. The Company is engaged with original equipment manufacturers (OEMs) in the passenger vehicle, two-wheeler, three-wheeler, commercial vehicle and off-road vehicle segment. The Company manufactures automotive products, including intake systems, integrated plastic modules, two-wheeler chassis and lighting, gear shifters, seat structures and mechanisms, and electrical and electronic components among other for two, three and four-wheeler segments. It has approximately 13 manufacturing facilities located across the country. The Company’s subsidiaries include Lumax Mannoh Allied Technologies Limited, Lumax Cornaglia Auto Technologies Private Limited, Lumax Metallics Private Limited, Lumax FAE Technologies Private Limited, Lumax Jopp Allied Technologies Private Limited and other.
LUAT - Lumax AutoTechnologies Ltd
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