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
PIL Italica Lifestyle Limited is an India-based company, which is engaged in the manufacturing of plastic molded furniture and other articles. The Company’s segments include Manufacturing and finance taking in to account nature of product. Under the Company’s brand, Italica, it offers a range of product variants. The homegrown brand includes various product series, including Oxy Series, Premium Series, Stool and Patla, Plasteel Series, Comfort Series, Table, Luxury Series, Without Arm Series, Sun lounger, Spine Care Series, Baby Series and Trolley. In addition, the Company offers Kisan Crest brand. It markets various product series of Kisan Crest, such as Imperial Series, Baby Gallery, Goodwill Series, Centre Table Series, Popular Series, Dining Series, Armless Series and Stool Series. Its waste management products are versatile and have applications in a range of public spaces, including hospitals, railway stations, malls, parks, airports, commercial complexes and housing societies.
PILI - Pil Italica Lifestyle Ltd
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