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
Suryoday Small Finance Bank Ltd is an India-based commercial bank. It operates as non-banking finance companies (NBFC). It offers a range of loans, such as commercial vehicle loans, microfinance loans, home loan, secured business loan, individual loans, micro mortgages, two-wheeler loans, working capital loan to micro, small and medium enterprise (MSME), merchant cash advance for business, small business loan. It also offers a range of accounts, such as a saving account, Share Your Smile savings account, Next Gen savings account, saving salary account, and current account. Its term deposit products include domestic fixed deposits, tax saver fixed deposits, and recurring deposits. It also offers non-resident fixed deposit and non-resident Savings account. It provides life insurance and general insurance. It offers a national pension scheme investment. It provides social security scheme, such as Atal Pension Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana.
SURO - Suryoday Small Finance Bank Ltd
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