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
Zee Media Corporation Limited is an India-based company that is engaged in providing broadcasting services. The Company’s business portfolio comprises of approximately 13 Linear News channels of various genre, one channel through its wholly owned subsidiary Zee Akaash News Private Limited. The Company’s television (TV) news and digital live news channels include Zee News, Zee Business, Zee Hindustan, WION, Zee Salaam, Zee 24 Taas, Zee 24 Ghanta, Zee Punjab Haryana Himachal, Zee Madhya Pradesh Chhattisgarh, Zee Rajasthan, Zee Bihar Jharkhand, Zee 24 Kalak, Zee Uttar Pradesh Uttarakhand, Zee Tamil News (Digital Channel), and more. The Company has seven application and 30 websites across different languages. The Company’s three smartphone apps for the three flagship news channels include Zee News, Zee Business, and WION. Its flagship show, DNA channel showcased real images, maps, and fool-proof evidence to support its various news/research stories.
ZEEN - Zee Media Corporation Ltd
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