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
Paras Defence and Space Technologies Limited is engaged in designing, developing, manufacturing, testing and commissioning of products, systems and solutions for defense and space applications. The Company operates through two segments: Optics and Optronic Systems, and Defence Engineering. The Optics and Optronic Systems segment includes optical components and sub-systems like space optics/gratings/mirrors, infra-red lenses for night vision devices, optomechanical assemblies and precision diamond turned components, opto-electronic systems comprising submarine periscope, hyperspectral cameras. Defence Electronics comprises defense automation and control systems, rugged command and control consoles, and an avionic suite. It also includes heavy engineering, which comprises flow-formed rockets/ missile motor tubes, electromechanical assemblies, remote controlled border defense system and turnkey projects.
PRAF - Paras Defence and Space Technologies Ltd
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