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
Yash Management & Satellite Ltd. is an India-based company engaged into indigenous trading, including all types of commodities, such as agricultural and allied products, precious metals and other metals. Its subsidiary includes Sudarshan Polyfab Private Limited (SPPL). The Company has set-up manufacturing unit of packaging products and materials through its subsidiary, SPPL at its greenfield plant situated at Divine Industrial Park, Laxmanpura, Mehsana district, Gujrat.
YMFS - Yash Management & Satellite Ltd.
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