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
Waaree Technologies Limited is an India-based company, which is engaged in trading of tapes, e-vehicles, and artificial intelligence-based products/services. The Company is engaged in the business of manufacturing, converting and supplying of adhesive tapes and synthetic paper (teslin papers) from jumbo rolls of adhesive tapes and synthetic paper (teslin). It operates as an intermediary in the packing material supply chain, whereby the Company purchase materials, such as tapes, labels and papers in the roll form, which is further cut and repacked into smaller rolls. The Company sells the products under the brand name AERO. The Company’s products include masking tape, filament tape, duct tape, double side foam tape, double side tissue tape, brown paper tape, aluminum foil tape, surface protection tape, polyvinyl chloride (PVC) insulation tapes, floor marking tapes, double side cloth tapes and masker.
WAAR - Waaree Technologies Ltd
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