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
Upsurge Seeds of Agriculture Ltd is an India-based technology driven seeds manufacturing company. It is engaged in the business of plantation of all types of trees, and flowers as forestry or otherwise for commercial, domestic, industrial and other purposes and to carry on the business of floriculture, agriculture, horticulture, sericulture, tissue culture, apiculture, peri culture, plant tissue culture, cell culture and to deal in all types of foretellers, plant food pesticides, insecticides, fungicides and all type of plant protection chemicals, micro nutrients and as nursery owners. The Company is majorly dealing in groundnut, wheat, cumin, and all kind of agriculture seeds. Its products include groundnut seeds, fenugreek seeds, coriander seeds, gram seeds, isabgol, rajka bajri, mustard, onion, wheat, sesame seeds, bajra seeds, cumin seeds, cluster bean, fodder bajra, green gram, moth bean, black gram, spinach, fennel seeds, fodder jowar, among others.
UPSU - Upsurge Seeds Of Agriculture Ltd
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