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
W. H. Brady & Company Limited is an India-based company engaged in the business of trading of material handling equipment, aviation support services, general engineering items and renting of space buildings. The Company’s segments include Rental, Trading, Manufacturing and Entertainment. The Company offers systems and solutions for the aviation and highway sectors in association with global technology companies. The Company provides a range of services, including pre-sales support and due diligence, project management, project execution, logistics and after-sales support. Its products are manufactured by its subsidiary, Brady & Morris engineering Co Ltd., under the brand name MORRIS. The MORRIS brand products include Single Girder Cranes, Double Girder Cranes, Flameproof Cranes, Ropemaster Electric Wire Rope Hoist, Flameproof Electric Wire Rope Hoist, RS Chain Pulley Block, Non-Sparking Geared Travelling Trolley, Geared Travelling Trolley, Non-Sparking Chain Pulley Block, and others.
WHBY - W H Brady & Company Ltd
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