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
G. G. Automotive Gears Limited is an India-based manufacturer of traction gears and pinions. The Company is engaged in the business of manufacturing of railway gears and pinions, industrial gear, and industrial gear boxes. It operates through manufacturing of traction gears and pinions with the allied activities segment. Its products include railway gears and shafts, forged components and machined blanks, industrial gears and gearboxes, mining and earth-moving equipment spares, herringbone, and industrial gear. The Company manufactures loose gear as well as complete assemblies for end applications such as: cement plants, steel mills, refineries, marine, mining, cooling towers, fertilizer plants, windmills, turbines, power plants, sugar plants, textile industries, and compressors and blowers. It offers mining and earth moving equipment types, such as spur, helical, straight bevel, spiral bevel, drive shafts with spline, compound gears, sprockets, internal gear, planetary and sun gears.
GGAU - G. G. Automotive Gears Ltd
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