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
Naga Dhunseri Group Ltd. is an India-based non-banking finance company. The Company is primarily engaged in the business of making investments in shares and securities. The Company focuses on investment business. The Company focuses on purchasing, acquiring, holding, disposing of and investing in shares, debentures, bonds and securities issued or guaranteed by any government, public body or authority in India or elsewhere. The Company acts as an investor, guarantor, underwriter, and financier for financing industrial enterprises, to lend, advance, deposit and deal with monies and provide other financial facilities and services and credit with or without interest or security. It also focuses on holding, developing, and maintaining lands and buildings. The Company is also engaged in the business of holding investments in various entities within the group and investing funds into other relevant securities.
NAGD - Naga Dhunseri Group Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.