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
Wardwizard Innovations & Mobility Limited is an India-based auto manufacturing company. The Company operates through three segments: Joy E Bike, Vyom Innovations, and Sale of Services. The Company is engaged in the manufacturing of motorcycles, scooters, mopeds, and their engines. The Company is also engaged in trading home appliances, white goods, and digital business process support services. The Company offers electronic appliances, such as air conditioners, four door refrigerators, light emitting diode (LED) television, portable air conditioner, air purifier, Alkaline water purifiers, and hydrogen water bottles under VYOM brand. It offers a range of electric vehicles, such as Joy E-Bike Skyline, Joy E-Bike Hurricane, Joy E-Bike E-Monster, Joy E-Bike Thunderbolt, Joy E-Bike Glob, Joy E-Bike Monster, Joy E-Bike Wolf, Joy E-Bike Beast and Gen Next Nanu E-scooter.
WARW - Wardwizard Innovations & Mobility Ltd
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