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
India Nippon Electricals Limited (INEL) is an India-based company, which is engaged in the manufacturing of electronic ignition systems for the automotive industry. INEL’s segment includes electronic products for two/three wheelers and engines. INEL’s manufacturing units are located at Tamil Nadu, Puducherry, and Haryana. INEL has developed an electronic control unit (ECU) for electronic fuel injection (EFI) system. The Company’s mechatronic products include sensors and controllers. INEL’s product portfolio includes Flywheel Magneto, Engine Control Unit, Ignition Coil, Regulator Rectifier, Converter, Governor Control Unit, Immobilizer, and Body Control Module. Its sensors portfolio includes Throttle Position Sensor (Rotary type), Oil Level Sensor, Coolant Temperature Sensor, Air Temperature Sensor, Temperature Sensor, Differential Pressure Sensor, Crankcase Ventilation Sensor, and Side Stand Sensor. Its product application includes portable gensets and general-purpose engines.
INEL - India Nippon Electricals Ltd
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