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
Zomato Limited operates as an Internet portal that helps in connecting the users, restaurant partners and delivery partners. The Company also provides platform to restaurant partners to advertise themselves to the target audience in India and abroad and supply of ingredients to restaurant partners. Its segments include India food ordering and delivery; Hyperpure supplies (B2B business); Quick commerce business, and All other segments (residual). India food ordering and delivery is the online platform through which the Company facilitates food ordering and delivery of the food items by connecting the end users, restaurant panners and delivery personnel. Its Hyperpure supplies (B2B business) segment offers farm-to-fork supplies for restaurants in India. Quick commerce business is a quick commerce online platforrn facilitating quick delivery of goods and other essentials by connecting the end users, providing delivery services, and warehousing services.
ZOMT - Zomato Ltd
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