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
Talwalkars Better Value Fitness Limited is an India-based holding company. The Company and its subsidiaries are engaged primarily in the business of gyms, spas, aerobics, yoga and health counseling. The Company operates through Lifestyle Business segment. The Company provides a range of wellness programs consisting of Zumba program, Zorba-The Yoga Studio, Nuform, Reduce and Group X, among others. It also includes Medastouch brand, which provides ayurvedic services. Its Reduce brand is accessible through approximately 105 centers, online and offline media. Its Reduce brand offers approximately 65 ready-to-eat and ready-to-cook products, including five varieties of herbal tea, healthy puffs, soups, muesli options and others. Its Nuform uses electrical impulses to stimulate and exercise deep muscle groups. It operates approximately 76 Nuform centers with doorstep and corporate services. It has six theme therapy centers across Hyderabad under its ayurveda line Medastouch.
TALW - Talwalkars Better Value Fitness Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.