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
Dollex Agrotech Limited is an India-based sugar manufacturing and trading company with captive power co-generation capabilities. In addition to sugar, the Company also produces and sells its by-products such as molasses, press mud and bagasse. The bagasse is used to generate power. It is engaged in power generation up to the captive power of approximately three megawatts. The Company’s products include jaggery, Khand sari sugar and by-products, such as molasses and beet pulp. Its plant is situated at Village Erai, Tehsil Badoni Khurd, Datia, Madhya Pradesh, having crushing capacity of approximately 2500 tons of cane per day (TCD).
DOLE - Dollex Agrotech Ltd
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