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
JIK Industries Limited is an India-based company, which is engaged in general trading and services. The Company is focusing on trading activities and exploring new opportunities to venture into new businesses. The Company trades and markets hospitality products. It offers a range of hospitality products, such as glassware, ceramics, bone China, porcelain, stoneware opal, melamine, SS cutlery and kitchenware in the hospitality industry of multiple brands and range from local and international brands to its customers. Its utilities services offer glasses/tumblers, stemware/wine goblets, beer glasses/mugs, decanters, jars/jugs, bowls, plates/dishes, ashtrays/coasters, napkin rings and holders, and ice buckets. Its decorative services provide trophies, rocks, flowers/trees, vases, clocks, paper weights, candle holders, pendants, art pieces and figurines. Its subsidiaries include Shah Pratap Industries Limited, I. A. & I. C. Private Limited (IAICPL), and Durlabh Commodities Private Limited.
JIKI - Jik Industries Ltd
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