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
Balmer Lawrie and Company Limited is an India-based company, which is engaged in steel barrels, industrial greases and specialty lubricants, corporate travel, and logistics services. The Company is also engaged in other businesses, such as chemicals, logistics infrastructure and other. It has eight business units: Industrial Packaging, Greases & Lubricants, Chemicals, Travel & Vacations, Logistics Infrastructure, Logistics Services, Cold Chain and Refinery & Oil Field Services. Industrial Packaging unit manufactures MS plain drums, internally coated drums, composite drums, tall drums, necked-in drums, conical drums, GI drums and open-headed drums. The Greases & Lubricants unit is divided into three segments: Channel Sales (Automotive & Industrial), Direct B2B and Contract Manufacturing. Travel & Vacations provides end-to-end domestic and international travel services, including ticketing, tourism, and meetings, incentives, conferences and exhibition-related services to its clients.
BLMR - Balmer Lawrie and Company Ltd
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