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
JK Lakshmi Cement Limited is an India-based company that is engaged in the manufacturing of cement. The Company is a manufacturer and supplier of cement and cementitious products like ready-mix concrete (RMC) and autoclaved aerated concrete (AAC) Blocks with manufacturing facilities in the state of Rajasthan, Chhattisgarh, Gujarat, Haryana, Uttar Pradesh and Odisha. Its technical service cell provides construction solutions to its customers and carries out regular and contact programs with individual house builders, masons and other business associates to keep in tune with their needs and requirements. Its product range includes an array of cement products like ordinary portland cement (OPC), portland pozzolana cement (PPC), portland slag cement (PSC) and composite cement. In addition to cement products, the Company provides a host of value-added products and services such as RMC, gypsum plaster, wall putty, autoclaved aerated blocks, construction chemicals and adhesives.
JKLC - JK Lakshmi Cement 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.