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
Priti International Limited is an India-based antique and lifestyle home furniture company. The Company is engaged in the manufacturing and exporting of period and lifestyle furniture products. The Company is a curator of antique furniture, vintage collectibles, eclectic decor and reclaimed architectural items. The Company’s segments include Wooden and Iron Handicraft, and Textile Handicraft. It deals in the manufacturing of wooden metal and textile-based furniture and handicrafts, upcycling, recycling and repurposing of various raw unusable and waste metal and wooden articles. Its products portfolio comprises solid wood furniture, such as ethnic, French country and contemporary; metal furniture, such as industrial designs, French colonial and Danish straight, and textile-based handicrafts, such as handbags and wallets, travel bags and backpacks, sofa and pillow cover, stools made from textile products and pet products. Priti Home, its brand, is an online wooden furniture store.
PRNI - Priti International Ltd
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