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
Thomas Scott (India) Limited is an India-based company, which is involved in business of manufacturing and trading of textile and textile products. The Company offers men’s formal wear and casual wear. The Company’s products are available in a wide range of colors, sizes, designs and patterns. It offers customized products based on customer specifications. Its Hammersmith brand has four categories, which includes Dress Shirts Luxury, Dress Shirts Exotica, Dress Shirts Classic, and Smart Shirts. The Company’s Bang & Scott brand includes yarn dyed cotton shirting fabric and men shirts from India and Macedonia [Europe]. Bang & Scott’s products are distributed in United States, Europe, South Africa, Middle East, Asian countries offering fabric finishes in liquid ammonia, sik finish, soft finish, easy care, cold calendar, brushed and carbonium peach. The Company has two manufacturing units in Bangalore and Europe (Macedonia).
TSIL - Thomas Scott (India) Ltd
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