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
Value Industries Limited is an India-based company, which is engaged in manufacturing, wholesaling and retail trading of consumer electronics and home appliances items. The Company is also engaged in the business of manufacturing and trading consumer electronics goods, including washing machines, air conditioners, refrigerators, and other home appliances. The Company is primarily engaged in the manufacturing and trading of various products, such as Washing Machines, Refrigerators, Air Conditioners (ACs) and other home appliances. The Company focuses on introducing front loading, top loading fully automatic and semi-automatic washing machines. Its white goods comprise air conditioners, washing machines and refrigerators; brown goods comprise the cooking range, vacuum cleaners, fans, water purifiers, and consumer electronics comprise television, computers, mobile phones, laptops, and gaming consoles.
VLUE - Value Industries Ltd
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