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
Goldstar Power Limited is an India-based battery manufacturing company. The Company is engaged in manufacturing and marketing its products under its flagship brand GOLDSTAR. The Company offers its lead acid batteries for automotive, industrial, motorcycle, uninterruptible power supply (UPS), solar, genset and inverter application. Its product range covers various types of batteries including fully automotive batteries for car, tractor and heavy-duty trucks, tubular batteries for inverter and solar application, starting, lighting and ignition (SLI) and tubular batteries for e-rickshaw, sealed maintenance free- valve regulated lead acid (SMF-VRLA) batteries for UPS application, motorcycle batteries, solar batteries, pure lead and alloy batteries. The Company caters to all three segments of market through exports, domestic/after sales market and original equipment manufacturer (OEM). The Company’s integrated plant is located at Hapa, Jamnagar on Jamnagar-Rajkot Highway, Gujarat.
GDST - Goldstar Power Ltd
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