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
Tamilnadu Telecommunication Limited is an India-based company, which is engaged in manufacturing optical fiber cables (OFC) for telecommunications. The Company’s products include Nylon Jacketed Metal-Free Duct Cables, Armoured Cables for Direct Burial, Aerial Cables/ADSS CABLES and Ribbon Cables. The Company’s loose tube cables are used for outdoor installation, including aerial, duct and direct-buried application, as well as for indoor applications with a polyvinyl chloride outer jacket with various fire ratings. The Company’s ribbon cables are offered with approximately 10 fiber colors, such as blue, red, orange, black, green, yellow, brown, violet, pink, aqua and white, and approximately six loose tube colors, such as blue, green, orange, green, brown and white. The Company’s Nylon Jacketed Metal-Free Duct Cables are designed to be pulled into duct system of an optical fiber cable communications network.
TAMT - Tamilnadu Telecommunication Ltd
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