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
Shubhlaxmi Jewel Art Limited is an India-based company, which is engaged in the business of jewelry manufacturing. The Company is also involved in the selling and trading of jewelry. The Company offers gold jewelry, diamond jewelry, silver jewelry and other. The Company’s gold jewelry offering includes bangles, bracelets, chains, pendants, rings and sets. The Company’s diamond jewelry offering includes bangles and rings. The Company also offer platinum rings, crystal earrings, crystal rings, pearl bracelets, pearl necklaces and pearl pendants.
SHUL - Shubhlaxmi Jewel Art Ltd
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