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 Amines Limited is an India-based chemical manufacturing company. The Company manufactures organic and inorganic chemical compounds. The Company provides fine chemicals, specialty chemicals, performance chemicals, perfumery chemicals and active pharmaceuticals ingredients. Its fine chemicals include aliphatic animes, aromatic animes, aliphatic nitriles, aromatic nitriles, halides, alcohols, cycloalkanols, cycloalkanones, acids & esters, advanced intermediates, anime hydrochlorides, ethanolamines and others. Its specialty chemicals fatty acids, fatty amides, fatty amines, fatty Di-amines, fatty tertiary amines, fatty polyamines, fatty anime ethoxylates and fatty ammonium quats. Its performance chemicals anticaking agent, granulating aid, defoamers, anticaking cum coloring agent, curing aid for SSP, antistatic agent, antistripping agent, antifoaming agent for phosphoric acid plant, bitumen emulsifier, floatation agent, corrosion inhibitors, demulsifier, anti-bacterial and others.
INAM - Indo Amines Ltd
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