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
Jiya Eco-Products Limited is an India-based company, which is engaged in manufacturing of biofuel, such as bio briquettes and bio-pellets, which are an alternative source of energy. The Company’s segments include Manufacturing of Bio fuel, Pellete, Kutti, Processed agro waste and Stoves. Its products are manufactured from agriculture and forest waste, such as cotton stalks, forest leaves, groundnut shells, cumine waste, bagasse, mustard waste, coffee husk and waste, sugarcane bagasse, and leaves and trash. The Company’s plant is located at Survey number-202/2, Navagam, Vallabhipur Taluka, near Ayodhyapuram in Bhavnagar, India. It has over four automated pelleting machines and over four automatic briquetting machines with an installed capacity of approximately 240 kilo tons per year. Its subsidiaries include Jiya Eco India Limited and Jiya Eco (Gandhidham) Private Limited.
JIYA - Jiya Eco-Products Ltd
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