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
Radhika Jeweltech Limited is an India-based jewelry retailer. The Company is principally engaged in the manufacturing and trading of gold, diamond, and platinum jewelry. It offers both lightweight and heavy pieces in 22 karat and 18 karat gold collections. Its design range is crafted in gold, diamonds, rose gold, and various gemstones, including designs for impulse shopping, fashionable everyday wear, festive wear, and wedding trousseau. It also houses Kundan collections, meenakari styles in neckpieces, and the widest range of Mangal sutras. It offers a range of jewelry options, including rings, earrings, pendants, bracelets, necklaces, chains, necklaces, mangalsutra, and bangles. It provides daily wear jewelry, jewelry for personal occasions, festival jewelry and wedding jewelry. The Company also offers precious and semi-precious stone studded jewelry, gold coins, gold bullion and loose diamond solitaires. It also provides the value-added service of manufacturing custom-made products.
RDHI - Radhika Jeweltech Ltd
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