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
Syrma SGS Technology Limited is an India-based holding company. The Company is engaged in the business of manufacturing various electronic sub-assemblies, assemblies and box builds, disk drives, memory modules, power supplies/adapters, fiber optic assemblies, magnetic induction coils and radio frequency identification (RFID) products, and other electronic products. It provides high-mix, flexible volume, precision original equipment manufacturer (OEM) manufacturing. Its one-stop-solution electronics manufacturing services (EMS) includes product design, quick prototyping, printed circuit board (PCB) assembly, box build, repair & rework and automatic tester development services. It provides services in various fields such as product design, quick prototyping, PCB assembly, box build, repair and rework, and tester development. Its products include RFID tags & Inlays, magnetics and critical communications solutions. RFID tags & inlays products include RFID Tags and RFID readers.
SYRM - Syrma SGS Technology Ltd
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