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
IMP Powers Limited is an India-based company, which is primarily engaged in the business of manufacturing transformers. The Company caters to both domestic and international markets. The Company is primarily involved in the manufacture of power, extra high voltage (EHV) and distribution transformers up to 315 megavolt amperes (MVA) in 400 kilovolt (kV) class. The Company offers oil-filled transformers, ranging from 1 MVA to 315 MVA, up to 400 kV class. The Company offers distribution transformers for service in 6.6kV, 11kV, 22kV and 33 kV voltage classes. The Company manufactures EHV transformers ranging from 132 kV class to 400 kV class and in the capacity of 20 MVA to 315 MVA for various electricity boards and private customers. It also offers auto transformers. The Company can offer generator transformers (GT) with incoming voltages of 6.6kV, 11kV, 13.8kV and 21kV to step up to 132kV, 220kV and 400kV. The Company also offers small rated hydro stations along with GTs.
IMPP - IMP Powers Ltd
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