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
Orient Electric Limited is an India-based lifestyle electrical solutions company. The Company is primarily engaged in manufacture/purchase and sale of electrical consumer durables, lighting and switchgear products. The Company has manufacturing facilities at Faridabad, Noida and Kolkata. The Company operates through two segments: Electrical Consumer Durables and Lighting and Switchgear. Electrical Consumer Durables segment consists of the manufacture / purchase and sale of electric fans ceiling, portable and airflow, along with components and accessories thereof, and appliances- coolers, geysers and home appliances. Lighting and Switchgear segment consists of manufacture / purchase and sale of lights and luminaires, including light-emitting diode (LED), street lights and switchgears, including switches and miniature circuit breakers (MCB). Its Home Appliances products include air-cooler, water heater, room heater, dry iron, steam iron, juicer mixer grinder, mixer grinder and more.
ONTE - Orient Electric Ltd
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