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
Religare Enterprises Limited is an India-based emerging markets financial services company. The Company provides diversified financial services. The Company through its subsidiaries, is primarily engaged in the business of broking in securities and commodities, lending and investments, financial advisory services, distribution of third-party financial products, custodial and depository operations, and health insurance services to its clients. Its segments include investment and financing activities, support services, broking related activities, e-governance, and insurance. Its subsidiaries include Religare Capital Markets International (Mauritius) Limited, Religare Capital Markets (Europe) Limited (RCME), Religare Capital Markets (UK) Limited, Religare Capital Markets Corporate Finance Pte. Ltd., Religare Capital Markets Inc, Tobler UK Limited, Religare Capital Markets (HK) Limited, Religare Capital Markets (Singapore) Pte Limited, and Kyte Management Limited, among others.
RELG - Religare Enterprises Ltd
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