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
Music Broadcast Limited is an India-based frequency modulation (FM) radio broadcaster. The Company has 39 stations across 12 states. The Company’s Radio City is a radio station in Bengaluru and Mumbai. Radio City reaches out to approximately 69 million listeners in 34 cities. The network provides terrestrial programming along with 17 other Web-stations, through its digital interface, www.radiocity.in. Radio City offers content with its brand Rag Rag Mein Daude City. The network introduced humor and the concept of agony aunt on radio with Babber Sher and Love Guru respectively. It also initiated Radio City Freedom Awards, a platform to recognize independent music and provides a launch pad to budding singers with Radio City Super Singer, a singing talent hunt on radio.
MUSI - Music Broadcast Ltd
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