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
Vision Corporation Limited is an India-based company, which is engaged in Movies and Entertainment. The Company’s operations encompass the development, marketing, sales and distribution of recorded music. It owns content in various languages. Its catalog contains music in Hindi, Marathi, Punjabi, Bengali, Classical, and Instrumental. It has produced over 210 Music albums. It offers various services, including Music, Publications, Events, Movie Production, Movie Distribution and other activities. The publishing assets of the Company include FILMS TODAY, which is a film-based magazine published in Hindi and English languages, and Eye Opener, which is published in Hindi language and is based on politics. It creates and distributes theatrical and non-theatrical filmed entertainment. It is engaged in financing and distribution of movies across the world. It is engaged in shooting for the program, VISION BOLLYWOOD CALLING, a reality show to be aired on its channel VISION TV MUSIC.
VISI - Vision Corporation Ltd
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