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
Shangar Decor Limited is an India-based company engaged in offering decor related services. The Company is engaged in offering decor related services that range from pre-wedding events, theme wedding, corporate events, religious events, property decor, lights decor and catering. The Company’s properties include Aatithya Party Plot, Basant Bahar, Saptak Party Plot, Kacchi Jain Seva Samaj Banquet Hall and Jainvisa Oswal Banquet Hall. The Company is engaged in providing services for a range of corporate events, business meets and celebrations for large, small and medium corporate.
SNGD - Shangar Decor Ltd
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