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
Sundaram Finance Holdings Limited is an India-based holding company. The Company is engaged in the business of investments, business processing and support services. The Company’s segments include Investments, Manufacturing, Domestic Support Services and Overseas Support Services. The Company’s subsidiary is Sundaram Business Services Limited.
SNDA - Sundaram Finance Holdings Ltd
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