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
7NR Retail Limited is an India-based company, which is engaged in the business of trading of textiles. The Company operates in the Trading in textiles segment. The Company mainly deals in the business of Branding and selling readymade garments, suiting-shirting, fabrics and all other textile products. The Company’s brand outlets are under the brand name of Gini & Jony. The Company operates approximately seven stores.
NRRE - 7NR Retail Ltd
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