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 Fluorochemicals Limited is an India-based chemical company. The Company’s business segment is chemicals, which comprises of bulk chemicals, fluorochemicals and fluoropolymer. The Company is engaged in the manufacturing and trading of refrigerant gases, caustic soda, chloromethane, polytetrafluoroethylene (PTFE), fluoropolymers, fluoromonomers, specialty fluorointermediates, speciality chemicals, mining and sale of fluorspar and allied activities. The Company caters to both domestic and international markets. Its chemical products include caustic soda, carbon tetrachloride, chlorine, methylene di chloride, hydrochloric acid, sodium hydrogen sulphate, hydrogen gas, fluorspar and anhydrous hydrogen chloride. Its fluoropolymers products include polyvinylidene fluoride (PVDF), fluorine kautschuk material (FKM), perfluoroaloxy alkanes (PFA), micro powder fluorinated ethylene propylene (FEP) and PPA. The Company’s refrigerants products include R22, R32, R407C and R410A.
GUJL - Gujarat Fluorochemicals Ltd
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