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 Poly Films Limited is an India-based company, which is engaged in the production and sale of packaging films. The Company segments include Flexible Packaging Film and Nonwoven Fabrics. The Company is diversified into manufacturing of bi-axially oriented polyethylene terephthalate (BOPET) film and biaxially oriented polypropylene (BOPP) films. The Company is involved in diverse businesses, including polyester and polypropylene films, power generation, cold-rolled steel strips, galvanized sheets, and other. The Company manufactures/produces BOPP films, polyethylene terephthalate (PET) films, metalized films, coated films, cast polypropylene (CPP) films, thermal films. BOPP and BOPET Films are used for food packaging. The Company’s manufacturing plant is located at Nasik, Maharashtra.
JPLY - Jindal Poly Films Ltd
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