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
Sastasundar Ventures Limited is an India-based company that is engaged in the business of digital network of healthcare and portfolio management service. The Company’s segments include Financial Services and Healthcare Network. The Financial Services segment consists mainly of financing of loans and investment in shares and securities, financial consultancy, professional fees, wealth management, financial planning, distribution and related services. The Healthcare Network segment includes activities for pathology and marketing of healthcare products through the e-commerce portal www.sastasundar.com, www.retailershakti.com, and diagnostic services which consist of pathological/radiological investigations. YANA Diet Clinic, the Company’s online diet clinic, works on holistic diet plans to lose weight and reduce medicine intake. It offers DNAVITA health supplements in two categories: DNAVITA customized nutrition and DNAVITA ready nutrition. Its gifting solution is SastaSundar Happy Box.
SAST - Sastasundar Ventures Ltd
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