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
National Plywood Industries Limited is an India-based company, which is engaged in manufacturing of plywood, block boards and flush doors. Its products include plywood, block boards, flush doors, laminates and traded products. Its plywood products include boiling water proof (BWP) marine plywood, boiling water resistant (BWR) plywood, boiling water-resistant (BWR) plywood, boiling water resistant (BWR) plywood and boiling water resistant (BWR) plywood. Its block boards products include boiling water-proof (BWP) grade block board and moisture resistant (MR) grade block board. It manufactures laminates with designs, textures, colors and finishes under the brands National Laminart and Uninational Laminates. Laminates products include Post Forming Laminates, Post Forming Laminates, Compact Laminates and more. Its brands include National Club Plus, National Platinum Club, National Titanium, Pioneer National, National Gold, Prima National, National Bronze and National Film Faced.
NAPI - National Plywood Industries Ltd
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