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
Gujarat Apollo Industries Limited is an India-based company, which is primarily engaged in the manufacturing of different types of mining and road construction and maintenance machinery. It operates through the business of manufacturing and sale of construction and mining machinery, and the spare parts segment. It provides crushing and screening solutions serving industries like quarries, mining, construction, and recycling. The Company’s products include Jaw Crusher, HP Cone Crusher, GP Cone Crusher, Horizontal Shaft Impact Crusher, Vertical Shaft Impact Crusher, Vibrating Screen, Mobile Crushing & Screening Plant, Crushing & Screening Plant, and Other Products. Its other products include a bucket crusher and a coal sampling unit. The Company’s plant is located at Mehsana, Gujarat. It provides after-sales service engineers on product life support with a range of equipment offering integrated static and mobile crushing and screening solutions and other allied equipment.
GJAI - Gujarat Apollo Industries Ltd
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