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
Hariom Pipe Industries Limited is an India-based manufacturer of structural, conveyance and multiple industrial pipes and tubes across its manufacturing facilities in Telangana, Andhra Pradesh and Tamil Nadu. The Company caters to a variety of infrastructure and industrial applications across multiple sectors. Its product portfolio consists of Mild Steel (MS) Billets, MS, GP, GI Pipes and Tubes, Hot Rolled (HR) Coils, Cold Rolled (CR) Coils, Galvanized Coils, Scaffolding Systems, Metal Crash Barriers and Multiple Profiles. The Company has four divisions: Induction Furnace, Rolling Mills, Pipe Mills and Scaffolding. Its manufacturing unit I is in Mahabubnagar District and unit II is located in Anantapur District in Andhra Pradesh.
HARO - Hariom Pipe Industries Ltd
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