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
Mrs. Bectors Food Specialities Limited is an India-based company engaged in the business of manufacturing and distribution of food products. The Company manufactures and markets a range of biscuits, such as cookies, creams, crackers, digestives and glucose under flagship brand Mrs. Bector’s Cremica. It also manufactures and markets bakery products in the savory and sweet categories, which include breads, buns, pizza bases and cakes under the English Oven brand. All products are manufactured in-house at the Company’s six manufacturing facilities and supplied to retail consumers in approximately 26 states and three union territories within India, as well as to institutional customers with a pan-India presence, and to 63 countries across six continents. The Company’s subsidiaries include Bakebest Foods Private Limited, Mrs. Bector’s English Oven Limited and Mrs Bectors Food International (FZE). The Company caters to both domestic and export markets.
MRSB - Mrs. Bectors Food Specialities Ltd
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