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
Jet Knitwears Limited is an India-based company, which is engaged in the business of manufacturing garments. The Company is mainly engaged in the manufacturing and trading of hosiery garments. The Company manufactures various products, such as vests, underwear, including boxers, briefs and trunks, brassiere, panties, socks, t-shirts, thermals and lowers, among others. It also caters to everyday range of innerwear, socks, t-shirts and thermals, which are available in cotton fabrics and in various styles and are suited for men and women. Its kids category of products include girls, boys, thermals and protection masks. It offers casual wears for men, women and kids. It markets its products through its brands, such as Lycot Australia, Jet, Jet Eco, Fresh- Long, Boski and Take- off. The Company is the manufacturers and exporters of cotton hosiery products having a distribution network of more than 10,000 retailers. It operates from Kanpur with having dealers/vendors in Uttar Pradesh.
JETK - Jet Knitwears Ltd
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