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
Archidply Industries Limited is an India-based interior designing company. The Company is engaged in the business of manufacturing two product segments: Wood Based Products and Paper Based Products. Wood Based Products include plywood, block board and flush doors. Paper Based Products include laminate sheets (HPL). Its products also include Densified, Clads, Compacts, EDHMR and WPC. It provides products that offer functionality and anti-bacterial laminates, which include chalkboard laminate, marker board laminate and switchboard laminate. The Company offers a germ-free sanitized range of laminates, which can be used in hospitals, nurseries, kids’ rooms and kitchens. The Company has approximately 20 sales offices, over 2000 retailers, and approximately seven warehouses to give service to its customers. The Company has manufacturing facilities in Uttaranchal and Assam.
ARCY - Archidply Industries Ltd
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