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
Veto Switchgears and Cables Limited is an India-based company, which is engaged in manufacturing of wires and cables, electrical accessories and also deals in light emitting diode (LED) lighting, compact fluorescent lamps (CFLs) and fans. The Company operates through three segments: Wire and Cables, Lighting & Fittings, and Accessories & Others. The Company’s product portfolio ranges from industrial cables, stand cables to telephone and co-axial wires, from general switches to modular switches, from ceiling fans to rechargeable fans, compact fluorescent lamps, LED bulbs and other electrical accessories, such as switch socket, miniature circuit breaker (MCB), bell and all other electrical accessories that are used for household purposes and manufacturing of wires and cables. The Company also manufactures LED panel lights, LED flood light, slim panel light, LED strip light and has also received tremendous response from selling the same. The Company has its manufacturing unit at Haridwar.
VETO - VETO Switch Gears And Cables Ltd
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