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
Osia Hyper Retail Limited is an India-based supermarket operator. The Company’s Osia Hypermart stores have various divisions that include menswear, women‘s wear, kid‘s wear, footwear, cosmetics, perfumes and handbags, household accessories, lingerie, gifts, groceries, crockery, handicrafts, utensils, handlooms, and others. The Company offers various products from apparel to general merchandise like plastics, home furnishing, utensils, crockery, cutlery, sports and outdoors, home appliances, home and kitchenware, game and consoles, innerwear and lingerie, baby product and kids, garments and others.
OSIH - Osia Hyper Retail Ltd
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