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
Amber Enterprises India Limited is engaged in manufacturing of consumer durable products. The Company is a solution provider for air conditioner original equipment manufacturer (OEM) /original design manufacturer (ODM) industry in India. It designs and manufactures complete refrigeration and air conditioning (RACS) including window air conditioners (WACS) and indoor units (IDUS) and outdoor units (ODUS) of split air conditioners (SACs) with specifications ranging from 0.75 ton to two tons, across energy ratings and types of refrigerants. It also manufactures functional components of RACS that include heat exchangers, motors and multi-flow condensers with other components, such as sheet metal components, copper tubing and including plastic extrusion, vacuum forming and injection molding processes. The Company also manufactures components, other durables, and automobiles, such as case liners for refrigerator, plastic extrusion sheets, and sheet metal components for microwave.
AMBE - Amber Enterprises India Ltd
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