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
SIL Investments Limited is an India-based non-banking financial company. The primary business of the Company is the investment and lending of funds by way of inter-corporate deposits. The Company has investments mainly in listed entities. The Company also has investments in debt instruments, including through mutual funds. The Company owns immovable properties in the state of Maharashtra and Uttar Pradesh. It operates five subsidiaries, which include RTM Investment & Trading Co. Limited, SCM Investment & Trading Co. Limited, RTM Properties Limited, SIL Properties Limited, and SIL International Pte. Limited.
SILI - Sil Investments Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.