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
Gujarat Mineral Development Corporation Limited is an India-based mining and mineral processing company engaged in lignite exploration and supply in Gujarat. It operates through two segments: Mining and Power. Its minerals and mines projects include Lignite, Bauxite, Fluorspar, Manganese, Silica Sand, Limestone, Bentonite and Ball Clay. The Power products include thermal power, solar power, and wind power. It operates five lignite mines, namely, Mata-No-Madh, Rajpardi, Tadkeshwar, Bhavnagar and Umarsar Lignite Mines. It has bauxite mining operations at its Mewasa Bauxite Mines in Devbhoomi Dwarka, a district of Gujarat. Fluorspar project is located in Kadipani, a district of Baroda. Manganese project is located at Shivrajpur, district of Panchmahal. Power project is located at Nani Chher, a district of Kutch. Its Wind Farm projects of 200.9 megawatts are situated at different locations in Gujarat, and a five-megawatt peak Solar Power Project is situated at Panandhro Lignite Project.
GMDC - Gujarat Mineral Development Corporation Ltd
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