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
White Organic Agro Limited is an India-based company, which is engaged in edible organic farming and retail business. The Company is selling approximately 250 organic products in 12 categories and 17 sub-categories. The Company operates through online e-store and tie ups with e-marketplaces, such as Grofers, Big Basket and Amazon, and the export channel. The Company’s businesses include farming and cultivation, distribution and retail, and exports. Its farming and cultivation business is engaged in supplying aloe-vera and other products. It provides aloe vera pulp to Patanjali Ayurveda. Its distribution and retail business provide all the organic products under a single brand, White Organics. The Company provides approximately 230+ different products in a range of categories, such as grains, cereals, pulses, snacks, syrups, capsules, health powders, churans, mukhwas, incense sticks, soap, juices and other. The Company also offers a capsule range, medicinal and nutritional powders.
WHIO - White Organic Agro Ltd
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