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
Videocon Industries Limited operates in the business of consumer electronics and home appliances and oil and gas. Its business is divided into two segments: Manufacturing, Assembly, Marketing & Distribution of consumer electronic products and home appliances (CEHA Business) inter-alia, including air conditioners, refrigerators, televisions, washing machines and mobile phones and tablets and Oil & Gas. Its products include televisions, refrigerators, washing machines, air conditioners and other small appliances. Its TVs include Ai Smart TV; Liquid Luminous Display; 4K Ultra HD; Wireless display connectivity, and Star rated. It expanded its product portfolio to fully automatic top loading and fully automatic front loading in sizes ranging from 5.5 Kg to 10Kg. Its small appliances include microwave ovens, Oxy fryers, induction cooktops, toasters, sandwich makers, rice cookers, iron and heaters. It has manufacturing facilities at Chittegaon, Bharuch and Warora.
VEDI - Videocon Industries Ltd
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