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
Marvel Decor Limited is an India-based company, which is engaged in the business of window covering fashion blinds, component and supplying it to the companies making window covering fashion blinds. The Company offers various products, including Roller Blinds, Aric Blinds, Patricia Blinds, Colby Blinds, Luzon Blinds, Grayson Blinds, Wooden Venetian Blinds, Dorren Blinds, Panel Blinds, Roman Blinds, Skylight Blinds, Printed Blinds, Eton Blinds, Sierra Blinds, Meliso Blinds, Vertical Blinds and Bamboo Blinds.
MALR - Marvel Decor Ltd
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