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
Asian Granito India Limited is an India-based ceramic wall and floor tile manufacturing company. The Company operates through two segments: Tiles & Others and Marble & Quartz. The Company’s product portfolio includes ceramic wall and floor tile, glazed vitrified tiles, polished vitrified tiles, composite marble, and quartz, Grestek Marblex, outdoor tiles, marble & quartz, bath ware, faucet, high definition (HD) polish porcelain, and antibacterial tiles. Its product portfolio consists of 1,400 designs which are categorized into various series and available in multiple sizes. It is engaged in manufacturing/sub-contract manufacturing its products as per the needs of its clients and dealers. It has ultra-modern plants spread over an area of approximately 3,20,000 square meters. The Company has nine manufacturing units spread across Gujarat and 200 plus showrooms, including 13 display centers across India. The Company also exports tiles to approximately 100 plus countries.
ASGI - Asian Granito India Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.