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
Rajnish Wellness Limited is an India-based company, which is engaged in manufacturing and selling various ayurvedic medicinal products for personal sexual wellness of the consumers. The Company’s products portfolio includes ayurvedic ethical medicines, personal care products, and medicinal sexual enhancement products. Playwin is the flagship brand of the Company and it caters to the sexual wellness segment. The brand has presence in the states of Maharashtra, Karnataka, and Odisha. The Company also provides contraceptives, sexual enhancement supplements, and personal lubricants.
RAJW - Rajnish Wellness Ltd
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