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
Welspun Investments and Commercials Limited (WICL) is an India-based investment company, which is engaged in the business of investment and dealing in shares and securities and trading of textile products and commodities. The Company operates through the investment activities segment. WICL holds equity shares mainly in Welspun Group companies which are engaged in the business of Line Pipes, Steel, Infrastructure and Oil & Gas. The Company focuses on the trading opportunities available in diverse sectors by leveraging the position of Welspun Group.
WICL - Welspun Investments and Commercials Ltd
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