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
Vardhman Holdings Limited is an India-based non-banking financial company. The Company is principally engaged in lending and investing activities. It is primarily engaged in the investment business. Its portfolio consists of investments in debt, equity and real estate. The Company’s associate companies include Vardhman Textiles Limited, and Vardhman Spinning and General Mills Limited.
VRDM - Vardhman Holdings Ltd
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