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
Golden Tobacco Limited is an India-based company that is engaged in the business of manufacturing tobacco products and real estate. The Company’s segments are Tobacco Products, Realty and Others. The Company’s products include cigarettes, slim / super slim cigarettes, cigars, cigarillos and tobacco. Its cigarettes include Panama Mini Kings Special, Panama Filter, Panama Deluxe Filter, Panama Premium, Chancellor Select Filter, Panama Menthol, Style Mini King, Panama Virginia, Panama Virginia Regular, Taj Chhap Deluxe, Chancellor Blue, Golden’s Gold Flake, Chancellor Exclusive Filter and Chancellor Special Filter. Its slim/super slim cigarettes include June Slim, June Super Slim and Lips. Its cigars include Just Black, Lips (In Barrel n Caps) and June Slim Cigars. It also offers Just Black cigarillos. The Company exports its products to the United States, Europe, Russia, Singapore, Cambodia, Japan, Middle East and others.
GLDN - Golden Tobacco Ltd
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