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
Shyam Telecom Limited is an India-based telecom equipment manufacturer supplying indoor and outdoor wireless signal enhancement solutions for more than 100 networks on five continents. The Company is primarily engaged in the trading of mobile accessories and home appliances in India. The Company designs and manufactures radio frequency (RF) repeaters, optical distributed antenna solutions, Internet protocol (IP) cellular backhaul systems and signal enhancement accessories that enable mobile operators, real estate developers, neutral-host providers, and businesses to provide seamless wireless coverage within their networks. Its RF repeaters provide in-building and outdoor coverage in areas such as tunnels, buildings, basements, car parks, airports, rural areas, and highways. It manufactures a range of accessories for communication systems, such as antennas, splitters/couplers, filters, duplexers, and triplexers. It also offers remote monitoring and alarm facilities for its customers.
SHMT - Shyam Telecom Ltd
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