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
V R Woodart Limited is an India-based company. The Company is engaged in the business of manufacturing wood products. The Company’s Kochi Unit III provides bedroom furniture. The Company’s plants are located near the hubs of raw material production, rubber wood belt, near to the port. The Company is no longer in any operation.
VRAT - VR Woodart Ltd
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