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
Mahanagar Telephone Nigam Limited is an India-based telecommunication services company. The Company is a provider of fixed-line telecommunication service in the two Metropolitan Cities of Delhi and Mumbai. Its segments include Basic and other services and Cellular services. Its mobile services include prepaid, postpaid, third generation (3G) data plans, 3G settings, mobile television, international calling, value-added services, mobile connection requests, and mobile recharge. It also provides toll-free services, leased circuits, Web hosting, industrial training, toll-free services, universal access numbers, and virtual card calling. It offers mobile services in the city of Delhi including Noida, Gurgaon, Faridabad and Ghaziabad and the Mumbai city along with the areas falling under the Mumbai Municipal Corporation, New Mumbai Corporation and Thane Municipal Corporation. Its subsidiaries include Mahanagar Telephone (Mauritius) Limited, Millennium Telecom Limited and others.
MTNL - Mahanagar Telephone Nigam Ltd
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