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
Webel Communication Industries Ltd (WEBCOM) is an India-based company, which is engaged in the manufacturing of electronic push button telephones. The Company is a subsidiary of West Bengal Electronics Industry Development Corporation Limited (Webel). Webel is the nodal agency of the Government of West Bengal for developing Information Technology, Electronics and ITES industries in the State. Webel assists the State Government in various e-governance projects. Webel has set up West Bengal State Wide Area Network (WBSWAN), the State Government’s optical fiber network, which covers various district headquarters and approximately 10 sub-divisional towns of the State.
WBLC - Webel Communication Industries Ltd
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