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
Globe Textiles (India) Limited is an India-based company, which is primarily involved in trading and manufacturing of textile products. The Company is an exporter of fabrics and garments catering to global and domestic markets. Its products include jeans, printed fabrics, yarns, home textiles, shirting fabrics and denim and non-denim fabrics. Its jeans brands for men and women include AFFORD, INDIGIRL and INDIGEN. Its printed fabrics include polyester print fabric, chadri voile, sarongs, scarfs, polyester dyed fabrics, cotton prints, cotton dyed. Its home textiles include bedsheets, comforters, fitted sheets, flat sheets, curtains, table linens and fancy cushions. Its shirting fabrics include printed linens, suiting prints and dyed shirting fabrics. It manufactures personal protective equipment (PPE) suits. It also manufactures face masks from denim and printed fabric as an essential for protection against dust and viruses. It is also manufacturing T-shirts and doing knitting work.
GLOX - Globe Textiles (India) Ltd
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