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
Vaibhav Global Limited is an India-based omni-channel e-tailer of fashion jewelry, accessories and lifestyle products. Its other products include gemstones, home decor, beauty care, apparels and accessories. Through its TV shopping channels, the Company serves its customers on cables, satellite, DTH platforms, YouTube, OTT platforms and social media. Its TV home shopping networks include Shop LC in United States, Shop TJC in United Kingdom and Shop LC in Germany. Its e-commerce websites include www.shoplc.com in United States, www.tjc.co.uk in United Kingdom and www.shoplc.de in Germany. Its mobile applications complement its TV coverage. The Company serves its customers through various OTT platforms, such as Amazon Fire TV, Android TV, Apple TV, Samsung Smart TV, LG Smart TV, Roku TV, Xumo, Vizio, Magenta, Facebook Live and YouTube Live. Its products are sold through various marketplaces, including Amazon, Google Marketplace, eBay, Walmart, Overstock, Zulily and Wish.
VAIB - Vaibhav Global Ltd
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