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
Vishvjyoti Trading Limited is engaged in the business of trading and other commission agency business. The Company deals in various products such as fancy yarns, embroidery yarns, knitting yarns, suiting and shirting fabrics, pharmaceutical products yarns, textile products and many more. The Company also trades in shares and securities.
VJYO - Vishvjyoti Trading Ltd
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