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
Veerkrupa Jewellers Limited is an India-based company, which operates a jewelry business. The Company’s jewelry business includes the sale of jewelry made of gold, silver, studded and other jewelry products that include diamond, platinum, and other precious and semi-precious stones. Its product profile includes designer, traditional, modern, and combined designs of jewelry. The Company is involved in manufacturing and trading different types of gold and silver jewelry products like chains, butties, Mangal sutra, gold/silver bars, necklace, and bangles. It also sells bracelets, rings, chains, earrings, ear chains, and nose-rings/nose pins. The Company sells jewelry throughout Gujarat through business to business (B2B) marketing and/ or direct/outbound marketing strategy. It sells its branded products through its showrooms in Ahmedabad, Gujarat. It purchases readymade Chains and other jewelries from the jewelry manufacturers or independent jewelry wholesalers.
VEEU - Veerkrupa Jewellers Ltd
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