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
Gulshan Polyols Limited (GPL) is an India-based multi-product manufacturing company that is focused on manufacturing fructose, sorbitol and various industrial chemicals. The Company’s business portfolio covers starch, starch sugars, calcium carbonate, alcohol and ethanol business, agro based animal feed and on-site precipitated calcium carbonate plants. The starch sugar product offers sorbitol 70% solution, dextrose monohydrate, mato dextrine powder, brown rice syrup, rice syrup solid, liquid glucose and organic sweetener. The calcium carbonate product offers activated calcium carbonate, precipitated calcium carbonate and ground calcium carbonate. The animal nutrition product offers corn/maize gluten feed, corn germ, cattle feed/enriched fiber, rice protein/gluten and corn steep liquor. GPL is providing a solution to a range of industries and niche markets in the core sector, including toothpaste, alcohol, sweeteners, paints, paper, medicines, plastics and personal care.
GULS - Gulshan Polyols Ltd
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