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
Share India Securities Limited is an India-based financial services company. The Company is engaged in the business of share and stock broking, commodity derivatives broking, equity derivatives broking, currency derivatives broking, portfolio management, research analysis, mutual funds distribution, and investing, buying, selling or otherwise dealing in all kinds of securities and other related activities. The Company’s segments include Share Broking/Trading Business, Insurance Business, Merchant Banking Business and NBFC Business. The Company’s products and services include broking and depository, merchant banking, non-banking financial company (NBFC), mutual funds and insurance. The Company’s subsidiaries include Share India Capital Services Private Limited, Share India Fincap Private Limited, Share India Securities (IFSC) Private Limited, Share India Insurance Brokers Private Limited and others.
SCAC - Share India Securities Ltd
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