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
Reliance Industries Limited is an India-based company, which is engaged in the activities of hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. The Company’s segments include Oil to Chemicals (O2C), Oil and Gas, Retail and Digital Services. O2C segment includes refining, petrochemicals, fuel retailing, aviation fuel and bulk wholesale marketing, and also includes transportation fuels, polymers, polyesters and elastomers. O2C business assets include aromatics, gasification, multi-feed and gas crackers along with downstream manufacturing facilities, logistics and supply-chain infrastructure. Oil and Gas segment is engaged in exploration, development and production of crude oil and natural gas. Retail segment includes consumer retail and a range of related services. Digital Services segment is engaged in the provision of a range of digital services.
RELI - Reliance Industries Ltd
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