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
Nitin Fire Protection Industries Limited is an India-based company that provides fire protection systems. The Company is engaged in manufacturing firefighting equipment (gas-based and water-based fire extinguishers). The Company offers a diversified portfolio of fire protection systems that include fire extinguishers, gaseous fire suppression systems, kitchen fire suppression systems, fire detection and alarm systems, fire sprinkler systems, vehicle protection systems, fire pumps, foam equipment, foam compounds, wet and dry riser systems, emergency luminaries and special hazards systems. The Company provides end-to-end Fire Protection Solutions for various industries like refineries, control rooms, power plants, offshore platforms, server rooms and data centers, warehouses, commercial spaces, hospitals, and hospitality sectors. The Company also undertakes large scale fire protection system installation operations in India and outside of India.
NIFP - Nitin Fire Protection Industries Ltd
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