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
Vindhya Telelinks Limited is a manufacturer and supplier of jelly filled telecommunication cables, as well as of optical fiber telecommunication cables. It sells all types of telecommunication cables, railway signaling and quad cables, other types of wires and cables, solar photovoltaic (PV) cables, fiber-reinforced plastic (FRP) rods/ glass roving, and connectorized cable products. It operates in two segments: Cable and Engineering Procurement and Construction (EPC). The Cable segment manufactures and markets telecommunication cables, other types of wires and cables and FRP rods/glass rovings. The engineering, procurement, and construction (EPC) business undertakes and executes contracts and/or provides infrastructure-related services with or without materials. It offers raw materials for telecommunications cables and for intermediate products and services for telecommunications and data cables, turnkey telecommunications networks, including passive optical fiber cables network.
VNDY - Vindhya Telelinks Ltd
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