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
HPL Electric & Power Limited is an electric equipment manufacturing company. The Company is engaged in manufacturing of electrical and power distribution equipment. The Company operates through four segments: Metering, Switchgears, Lighting, and Wires & Cables. Its Metering segment includes smart meter, net meter, prepaid meter, trivector meter and others. Its Switchgear segment includes Industrial Applications, which include air circuit breaker (ACB), molded case circuit breaker (MCCB), and phase selector; Domestic Applications, which include Osafe miniature circuit breaker (MCB), Techno (N) MCB and residual current circuit breaker (RCCB), and Modular Switch & Accessories, which include toggle switches, plug sockets and push bells. Its Lighting segment includes consumer light emitting diodes (LED) products, commercial LED products, and outdoor LED products. Its Wires and Cables segment includes fire resistant cables, co-axial cables, solar cables, and networking and data cables.
HPLE - HPL Electric & Power Ltd
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