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
Tribhovandas Bhimji Zaveri Limited is an India-based jewelry company. The Company is in the business of retail sales of ornaments made of gold, diamond, silver, platinum and precious stones. The Company operates approximately 32 showrooms across 12 states in India, of which 29 are operated by it and the rest are franchise stores. The Company has various product categories, such as plain gold, diamond studded, precious and semi-precious stone studded, lightweight and contemporary, temple jewelry, plain and diamond studded platinum, colored stone studded in gold, and solitaires. Its product includes necklaces, bangles, bracelets, pendants, mangal sutra, earrings, rings and various others. The Company has various collections, such as bespoke, Leela, Navya, HUES, Kavya, Svara and Maya. Its bespoke collections are a range of traditional jewelry, which is focused on the tapestry design of Indian traditions, weddings and festivities. Its Leela collection is designed for bridal jewelry.
TBZL - Tribhovandas Bhimji Zaveri Ltd
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