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
TTA Holdings Limited is an Australia-based company, which is engaged in trading via e-commerce and selling to retail consumers thru the TEAC Store Website and various e-commerce platforms. The Company operates through a single segment, which is distribution of electronic goods to retailers in the Australian market. TEAC is focused on lifestyle Digital Audio products, TEAC QLED 4k UHD Smart television, Smart Android Digital Versatile Disc (DVD) combo, and light-emitting diode (LED) Television targeting the 12V Caravan market segment. These televisions (TVs) come equipped with DVB-S Satellite connectivity, viewing angle and Bluetooth. Its accessories include CD/radio, microphones, wireless chargers, clock radios and set top box. The Company’s audio products offer soundbars, turntables, earbuds, headphones and Bluetooth speakers. It also offers television and visuals. The Company’s subsidiary is TEAC Australia Pty Ltd.
TTA - TTA Holdings Ltd
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