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
Goyal Aluminiums Limited is an India-based manufacturer of aluminum coil, aluminum sheets, aluminum sheets, and other aluminum parts. The Company is primarily engaged in the trading of aluminum hardware and allied products. Its other products include aluminum section, stainless steel, rubber bidding, and aluminum grill. The Company is also a trader, manufacturer, and wholesaler of a range of metal products.
GOYL - Goyal Aluminiums Ltd
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