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
Pilani Investment and Industries Corporation Limited is an India-based non-banking financing company. The Company is primarily engaged in investing in shares and securities, loans and trade accounts receivable and investment in mutual funds. It also offers corporate loans. The Company is holding investments in its subsidiaries, other group companies, mutual funds and carries out its activities. Its subsidiaries include PIC Properties Limited, PIC Realcon Limited, and Century Textiles and Industries Limited.
PILN - Pilani Investment And Industries Corporation Ltd
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