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
Muzali Arts Ltd., formerly Welcon International Ltd is engaged in activities of construction business and information technology activities. The Company is engaged in the business of import, export and investing in shares, properties, bonds and other securities and financing industrial enterprises in India. The Company focuses on investment in shares and securities and to finance the industrial enterprises in India.
MUZA - Muzali Arts Ltd
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