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
Anmol India Limited is an India-based coal company. The Company is primarily engaged in coal import, coal trading and coal supply industry. Its products include Indonesian Coal, United States of America (USA) High gross caloric value (GCV) Coal and USA Low GCV Coal. The Company specializes in supplying High GCV coal, USA coal, Indonesian coal, Saudi Pet Coke and USA Pet Coke. It operates primarily in Gujarat, Punjab, Haryana, Himachal Pradesh, Uttar Pradesh, Uttarakhand and the Union Territory of Chandigarh. It serves different types of industries and trades both in coal and pet coke.
ANMI - Anmol India Ltd
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