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
JBF Industries Limited is engaged in the manufacturing business of Polyester Chips, Polyester Yarn, and Processed Yarn. The Company has a wide range of segments ranging from products of traditional handloom, handicrafts, wool, and silk products to the organized textile industry. Its products include polyester chips, partially oriented yarn / fully drawn yarn/polyester texturized yarn, and flat yarn. Its polyester chips of film-grade consist of super bright chips and silica chips. Its bottle-grade polyethylene terephthalate (PET) includes ARYAPET, which is a polyester film. Its partially oriented yarn (POY) consists of raw white semi dull round and dope dyed black round. The Company also offers fully draw yarn, which consists of semi dull and super bright trilobal, and polyester textured yarn/sewing thread.
JBFI - JBF Industries Ltd
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