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
Bil Energy Systems Limited is an India-based company, which is focused on manufacturing stampings for rotating machines and electrical laminations for transformers. The Company deals in the business of electrical steel products and other steel products. The Company manufactures stamping rotating machines, transformer core and laminations. It offers circular stampings up to 1,400-millimeter diameter and segmental stampings of width up to 1,250 millimeters with focused end products for alternators (domestic/industrial), motors, windmill generators, hydro generators, turbo generators, compressors for air conditioners and refrigerators, alternate current/direct current motors for agriculture pumps, fans, computer transformers and ballasts. The Company also offers a range of IEC frame tools to manufacture circular stampings. It manufactures transformer cores and laminations in various shapes and sizes up to 1,000-millimeter width and also rectangular-shaped cores with or without holes.
BILE - Bil Energy Systems Ltd
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