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
Uma Exports Limited is an India-based company, which is engaged in the trading and marketing of agricultural produce and commodities, such as sugar, spices like dry red chilies, turmeric, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses and agricultural feed like soybean meal, and rice bran de-oiled cake. The Company imports lentils, fava beans, black matpe, and pigeon peas in India in bulk quantities. The Company’s major imports are from Canada, Australia and Burma. It is a business-to-business (B2B) trader, which is specialized in sugar, corn and dal. It maintains stocks and distributes them to different institutional parties, such as manufacturers, exporters and other. It provides them in bulk quantities. The Company’s subsidiaries include UEL international FZE (Dubai) and Graincomm Australia PTY Ltd (Australia).
UMAE - UMA Exports Ltd
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