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
DIC India Limited is an India-based company engaged in the business of manufacturing of printing inks, which covers newsprint ink, offset ink and liquid ink used in newspapers, other publications and packaging industries. The Company operates through two segments: Printing Inks and Adhesives. Its products include news inks, offset inks, gravure inks, flexographic inks, lamination adhesive and specialty inks. Its applications include packing, lamination packaging, book, catalog, pamphlet, point of purchase (POP) material printing, lamination packaging, blister packaging, news print, printing polyolefin films, high density polyethylene (HDPE), self-adhesive labels, and printing on pouches. It has four manufacturing plants located in Kolkata (West Bengal), Noida (Uttar Pradesh), Ahmedabad (Gujarat) and Bangalore (Karnataka). It serves various sectors, such as newspapers, magazines, conversion agents, and both national and international printing and packaging establishments.
DICI - DIC India Ltd
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