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
Milestone Furniture Limited is an India-based company. The Company is engaged in manufacturing of home and office furniture. It manufactures a range of products, such as partition-based system, desking, executive tables, meeting and conference tables, cafeteria furniture, office chairs, school and educational institute furniture and chairs. It also offers retail shop furniture’s, as well as modular kitchen systems, drawer systems, wall units, wicker baskets and corner unit. The Company is also engaged in the home and office designing.
MLES - Milestone Furniture Ltd
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