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
Omfurn India Limited is an India-based company that is engaged in the business of manufacturing and supplying of furniture items. The Company’s furniture includes office furniture, international school furniture, modular office furniture, bedroom furniture, wooden door and frame, and others in terms of customized system based throughout India. The Company’s prefinished wooden door frames and shutters are supplied with laminates or polyurethane (PU) polished veneer. Its wooden doors include fire resistant doors, economical system doors, veneer doors and laminated doors. The Company also specializes in the design and execution of turnkey interiors projects.
OMFU - Omfurn India Ltd
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