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
Relaxo Footwears Limited is an India-based footwear manufacturing company. The Company operates in three major categories, such as Relaxo & Bahamas (rubber slippers), Flite (EVA and PU Slippers) and Sparx (sports and canvas shoes, sandals and sporty slippers). Its brands include Relaxo, Flite, Sparx, Bahamas, Boston, Mary Jane, and Kid’s Fun. Relaxo is a brand synonymous with rubber slippers, which is a footwear for all segments of society and Flite is a range of semi- formal slippers. Sparx offers sports shoes, sandals and slippers. Bahamas offers flip flops. Boston is a formal footwear for men. MaryJane offers a range of footwear for the modern women. Kid’s Fun offers footwear for kids. It offers shoes, such as formals, casuals, running, athleisure, walking and training and gym. Its sandals and slippers include Sandals & Clogs, Flip Flops & Slides and Chappals & Slippers. It also operates more than 350 network of own retail outlets, with availability on all e-commerce portals.
RLXO - Relaxo Footwears Ltd
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