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
Sarvottam Finvest Limited is an India-based non-banking financial company (NBFC). The Company’s business is to make both long-term and short-term investments in quoted as well as unquoted shares. The company also gives short-term and long-term loans to its borrowers. The company earns revenue by way of interest on loans so given to the borrowers, dividends on investments, and revenue by the purchase and sale of shares and securities.
SARM - Sarvottam Finvest Ltd
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