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
Madhya Pradesh Today Media Limited (Pradesh Today) is an India-based print media company. Pradesh Today is the evening daily newspaper of the Madhya Pradesh state, which is providing all its 12 pages colored in an international size form of newspaper. The Company also offers morning daily newspapers in the state of Madhya Pradesh. It focuses on newspapers, magazines and advertisements. It provides news to its readers and its customer needs through advertisements and advertisers. The newspaper is published from different cities and has supplements for respective cities. The newspaper spins out about 11 editions. It provides newspaper in the state of Madhya Pradesh and Chhattisgarh. Pradesh Today also introduced its newspaper in the state of Uttar Pradesh, Delhi and Maharashtra. Its online news portal is www.pradeshtoday.com.
MADA - Madhya Pradesh Today Media Ltd
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