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
Ultra Wiring Connectivity System Limited is an India-based company that is engaged in manufacturing of couplers, connectors and allied products for original equipment manufacturers (OEMs) and other manufacturers. The Company’s products include Series of Connectors, Bulb Holders, Covers and Brackets, Special Cable tie and clips, Bobbin Spool, Assorted Connectors, Windshield Wiper Blades and Automotive Fuses. The Company’s Series of Connectors include C-040 Series, C-050 Series, C-060 Series, C-90 RT Series, C-90 Water Proof, C-110 Series, C-110 WP Series, C-250 Series and C-312 Series. The Company has three manufacturing plants in Delhi, Faridabad. The Company also owns warehouses in Pune and Chennai to cater the Western and Southern markets in India.
ULRA - Ultra Wiring Connectivity System Ltd
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