How to purify when shares turn non-compliant

In case a stock becomes non-compliant after some time of purchase, what should be course of action.

Scholars suggest that once a stock becomes non-compliant it should be exited at the earliest (some suggest within 90 days) and the applicable amount based on the purification ratio to be given in charity.

In case there is a loss in a share and it becomes non-compliant , then one can wait till the losses are covered.

No purification ratio is to be paid if stocks are in losses as purification is paid on the income from the shares.

Leave a Reply

Your email address will not be published. Required fields are marked *