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
Sunshine Capital Ltd is an India-based non-banking financial company. The Company is primarily involved in investing in long-term investments such as equity shares and equity-related securities. It is engaged in buying, selling and transfer, of shares and securities of various companies in the capital markets. It provides loans and advances to its customers. The Company is also engaged in the purchase and sale of commodities on all exchanges.
SUNP - Sunshine Capital Ltd
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