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
Vivanta Industries Ltd is focused on commercializing projects and providing consultancy and turn-key projects for various pharmaceuticals, agro projects and prefabricated factories. The Company specializes in conceptualization, design, installation, commissioning, pharmaceutical manufacturing plant set-up, nutraceuticals, and ayurvedic manufacturing plant set-up, medical device manufacturing plant set-up, research, and development laboratory set-up, agro based fertilizer projects, surgical projects, prefabricated housing offices, school and primary healthcare, industrial park, and solar projects. Its turnkey project services include manufacturing of sterile products, non- sterile products production, advisory services, and specialized formulations. Its project conceptualization services include location analysis, market assessment, project concept plan, optimum use mix, and approval strategy. It offers land acquisition consulting, such as title search and legal clearance services.
VVAN - Vivanta Industries Ltd
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