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
McDowell Holdings Limited is an India-based financing/investment holding company. The Company operates through two segments: NBFC (CIC) and Consultancy services. The NBFC (CIC) business segment includes long-term investments through which the Company earns dividends. The Company holds investments in other companies which are engaged in the business of property development and exporting, manufacturing and sale of beer, chemicals, and fertilizers.
MCDH - McDowell Holdings Ltd
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