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
Tejassvi Aaharam Limited, formerly Sterling Spinners Ltd., is engaged in the manufacturing of food products. The Company offers various products, such as Long Cut Vermicelli/Semia; Short cut vermicelli/Toasted Vermicelli; pasta products; Pasta Macaroni; Pasta Spaghetti; Veg Hakka Noodles, and Ada Prathaman. The Company’s brands include Savorit and Ying Yang. The Company offers pasta in various shapes, such as Penne, Fusilli, Shell and Elbow. The Company offers Long Cut Vermicelli/Semia in various standard pack sizes, such as approximately 150 grams, over 400 grams and approximately 900 grams. The Company offers Short cut vermicelli/Toasted Vermicelli, pasta products and pasta macaroni in various standard pack sizes, such as approximately 110 grams, over 150 grams, approximately 400 grams and over 900 grams. Savorit Ada Ada is a traditional product of Kerala. Savorit Hakka Noodles is made of Sooji.
TEJV - Tejassvi Aaharam Ltd
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