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
Anik Industries Limited is an India-based company. The Company is primarily engaged in the business of trading of agri-commodities, edible oil and vanaspati, property development, wind power generation and others. It is mainly engaged in the business of trading, real estate, mining and others. The Company’s segments include Wind Power, Real Estate, and Others. Its mining and coal business focuses on green field projects and joint ventures for developing the coal bearing areas and focuses on mining of manganese and rock phosphate. Its real estate business includes projects, such as ONE RAJARHAT and ACTIVE ACRES. Its agro commodities business is focused on trading in various agro products, such as cotton, oilseeds, grains, pulses, spices, and various agro-based products in India and internationally. Its power businesses include conventional power, solar power, wind power, small and mini hydel power and biomass. It also focuses on business related to ferro-alloys.
ANIK - Anik Industries Ltd
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