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
Indo Borax & Chemicals Limited is an India-based company that is engaged in the manufacturing and selling of chemicals. Its products include borax, boric acid, and lithium hydroxide monohydrate. The Company’s borax products include borax decahydrate crystal and borax decahydrate granular; boric acid includes boric acid Indian Pharmacopoeia (IP) grade, boric acid tech grade granular and boric acid tech grade powder. Its product, borax decahydrate crystal, is used as fluxes and metallurgical operations (welding and brazing steel industry (paste fluxes, soldering fluxes). Its boric acid IP uses include eyewash, ointments, foot powder, shampoo, skin cream, mouthwash, and veterinary formulations. Its product, borax decahydrate granular, is used in fused products, such as glass, glass fiber ceramics, frits, glazed and porcelain enamels. Borax decahydrate crystal is also used in fertilizers as micronutrients. Its lithium hydroxide monohydrate is used in manufacturing lubricating greases.
IBCH - Indo Borax and Chemicals Ltd
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