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
Ujjivan Small Finance Bank Limited is an India-based small finance bank. The Company operates through three segments: Treasury, Retail Banking and Corporate/ Wholesale Segments. The Treasury segment consists of net interest earnings from the Company’s investment portfolio, money market borrowing and lending, gains or losses on Investment operations and income from the sale of priority sector lending certificate (PSLC). The Retail Banking segment serves retail customers through a branch network and other delivery channels. Retail Banking includes lending to and deposits from retail customers. The Wholesale Banking segment provides loans to Corporates and Financial Institutions. Its asset products comprise loans to its micro banking customers that include group loans and individual loans, agriculture and allied loans, housing loans, financial institutions group loans, personal loans and vehicle loans. It offers savings accounts, current accounts and a variety of deposit accounts.
UJJI - Ujjivan Small Finance Bank Ltd
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