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
The Indian Card Clothing Company Limited is an India-based company, which is engaged in manufacturing of card clothing. The Company’s segments include Card Clothing and Realty. The Company’s geographic segments include Domestic Sales and Export Sales. It offers carding solutions by application, which includes card clothing, card room machinery and upgradation products; by material type, which includes cotton and synthetics, woolen and others, and metallic wires for non-woven, and by product type, which includes cylinder wires, doffer wires, lickerin wires and flat tops. It specializes in manufacturing a variety of tops that are suitable for different fibers on various card makes. Its cylinder wires are available in ProLyf Series, MaxLyf Series, Primus Series, Maxus+ Series, Tenace Series, Stylus Series, Crystal Series and Standard Series. It holds a dominant position in the market with its portfolio of carding solutions. Its plant is located at Nalagarh, Himachal Pradesh.
IDIC - Indian Card Clothing Company Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.