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 Living Limited, formerly Welspun India Limited, is an India-based conglomerate company with businesses in pipes, home textile products, infrastructure, warehousing, steel, oil and gas, advanced textiles, and flooring solutions. It has a diversified brands and license portfolio, including Christy, Spaces, Welspun Flooring, Welspun, Martha, Welhome, SPUN and Scott Living. Christy is a towel manufacturer and supplier of The Championships, Wimbledon. Christy offers a range of products, including towels, bathmats and rugs, fitted sheets, flat sheets, duvets and pillows, duvet sets, pillowcases, protectors and toppers, and throws and cushions. Spaces offers a range of bamboo charcoal bed and bath linen that have natural antimicrobial properties. Spaces also added GOTS certified Organic Cotton bed and bath products. Welspun Flooring offers a variety of flooring options for residential, commercial and office spaces. Welspun Flooring has a manufacturing facility spread over 300 acres.
WLSP - Welspun Living Ltd
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