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
Jash Engineering Limited is an India-based company that is engaged in manufacturing a range of equipment for water and seawater intake systems, water and wastewater pumping stations and treatment plants, desalination plants, stormwater pumping stations, water transmission lines, hydropower generation, and also for power, steel, cement, paper and pulp, petrochemicals, chemical, fertilizers and other process plants. The Company’s products include water control gates, heavy fabricated gates, screening equipment, screening conveying equipment, knife gate valves, treatment process equipment, sureseal water hammer control devices, disc filters, Archimedean screw pumps, hydro power equipment and bulk solids handling valves. The Company’s wholly owned subsidiaries include Shivpad Engineers Pvt. Ltd., Jash USA Inc., Mahr Maschinenbau Ges. mbH and Engineering and Manufacturing Jash Limited.
JSHE - Jash Engineering Ltd
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