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
Insecticides (India) Limited is an India-based agrochemicals company. The Company is engaged in the manufacturing activities of agro chemicals, pesticides and technical products for agriculture purposes. It operates through Agro Chemicals segment. Its product categories include insecticides, herbicides, fungicides, biologicals/plant growth regulators (PGR), and maharatna products. Its insecticides products include Lethal Gold, Mihir, Rockstar, Arrow, Bravo 5000, Indan 4G, Indan SP, Lethal Super 505, Logo, Monocil, Aikido, Phentom, Sargent, and Sharp. Its herbicides products include Super Racer, Master Stroke, Hakama Super, Hijack, Racer, Selector and Omega. Its fungicides products include Avone Plus, Care, Force 11, Pulsor, Focus, Navi and Himil. Its PGR products include Milstim Max, Kayakalp Pro, Surya Zinc, Myco Raja and Agro Spred Max. The Company’s products are available in over 105 formulations and approximately 21 technicals. It caters to both domestic and international markets.
ISIL - Insecticides (India) Ltd
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