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
Grauer & Weil (India) Limited is engaged in the business of manufacturing and selling of surface finishings, engineering and mall business. It operates in three segments: Surface Finishing segment, Engineering segment and Mall segment. Surface Finishing segment product portfolio includes general metal finishing, such as functional coatings, decorative coatings, and pre-treatments; paints and related coatings, such as high-performance industrial coatings, marine coatings, aerospace and defense coatings, and architectural coatings, and industrial lubricants, such as rust preventive oils, deformation oils, and heat treatment oils. Engineering segment serves various industries, such as hardware, wire and tube, fasteners, electrical, aerospace, bath fittings, defense, and architectural fixtures. It has manufacturing facilities in Dadra, Vapi (Gujarat), Barotiwala (Himachal Pradesh), Samba (Jammu & Kashmir) besides Engineering division at Khed (Pune District) and Mall at Kandivli (Mumbai).
GRWN - Grauer And Weil (India) Ltd
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