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
Vasa Retail and Overseas Limited is an India-based company that is engaged in manufacturing and trading a range of stationery and raw materials. The Company’s products include writing instruments, such as pens, pencils, sharpeners, rulers, highlighters and markers, and pencil boxes; filing, organization and storage, which includes box files, files and folders, organization and others; paper products, which include notebook and pads, envelopes, tags, and others; art and craft supplies, which includes adhesives, foil, stencil, sketch pads, jute bags and others; paper and raw materials, which include artboards/papers, kraft, rolls, cloth and printer supplies; desktop essentials; industrial and tender supplies, and labels, envelopes, packing and storage. The Company has tie-ups with approximately 850 stores, which include modern and traditional retail outlets. It has also expanded its reach in the Middle East, Africa, Europe and the United States.
VASA - Vasa Retail and Overseas Ltd
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