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
Touchwood Entertainment Limited is an India-based event management company. The Company specializes in event management and offers its clients a variety of event facilities, ranging from event planning and marketing to production services for the events. The Company provides various services, such as wedding conceptualization and management, design and decor, entertainment, corporate events and exhibitions, and political activation. It curates and executes bespoke events for any destinations within India and internationally. The Company is focused on creating IPs, which include VEDA, TALENT SQUARE, MakeMeUp, WedAdvisor, WEB Fest, Touchwood Wedding School, The Gourmet Fest, NAILmeUp and Match MAKERS CONCLAVE. The Company’s MakeMeUp App is a direct-to-consumer e-commerce platform that caters to the entire beauty segment and connects consumers to make-up artists, beauty professionals, products and events. Its WedAdvisor platform is an Indian wedding planning Website and application.
TOUC - Touchwood Entertainment 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.