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
Jindal Cotex Limited is an India-based company that is primarily engaged in the business of textile and windmills. The Company operates through two segments: Textile and Energy Generation. The Textile segment is engaged in the production/trading of acrylic yarn, polyester yam, poly/cotton blended yarn, cotton yarn, blended yams, knitted cloth, and flex sheets. The energy generation segment is engaged in the generation of energy from windmills. The Company’s product range includes 100% cotton circular knitted bleached white-silicon treated / bio washed (both optional), finished ready cuttable fabrics (after compaction), 100% polyester semi dull spun yarns manufactured from virgin fiber (count range ne 20s-40s), singles / multi folds, and 100% polyester spun sewing threads bright super high tenacity-reverse twist (SHT-RT) counts. The Company also offers optical white polyester yarns / sewing threads on order basis.
JICL - Jindal Cotex Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.