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
Gulf Oil Lubricants India Limited (Gulf Oil) is an India-based company, which is engaged in the business of manufacturing, marketing, and trading of automotive and non-automotive lubricants, and synergy products. The Company operates through the lubricants segment. Its product portfolio covers automotive, industrial, battery, and marine applications. It has developed a wide range of engine oils, gear oils, greases, and specialties for bikes, scooters, cars, light and heavy commercial vehicles, and tractors. The Company’s product range for industrial applications includes hydraulic oils, bearing and circulating oils, industrial gear oils, metal working fluids, turbine oils, compressor oils, refrigeration oils, rust preventives, quenching oils, greases, thermic fluids, and slideway oils. These oils are used in a range of industries, such as construction, manufacturing, textile, power generation, mining, food processing, light-heavy engineering, marine operations, and metal working.
GOLU - Gulf Oil Lubricants India Ltd
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