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 Raffia Industries Limited is an India-based company, which is engaged in manufacturing of PE tarpaulin, plastic sheeting, ground sheeting, geomembrane, tents, shelters, pond lining, canal lining, fumigation cover, high density polyethylene (HDPE) woven bags, poly propylene (PP) woven bags, vermined and ropes. The Company is focused on HDPE Tarpaulin products. It offers its products to industrial, agricultural and camping and relief products. Its industrial products include HDPE / PE Tarpaulin, PP woven bags, railway wagon covers, and fumigation covers. Its agricultural products include sharkmat (pond liner), agricultural vermibed, agricultural vermibed, HDPE grow bags and HDPE weed mats. Its camping and relief products include tarpaulin tents, plastic sheeting / PE tarpaulin and GRIL PP ropes. Its HDPE fumigation covers are used to store food grains. Its HDPE Tarpaulins are made from premium grade polyethylene, which provides water and sun resistance with strength.
GJRI - Gujarat Raffia Industries Ltd
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