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
Jay Shree Tea & Industries Limited is an India-based producer and exporter of tea. The Company is engaged in the manufacture of tea, sugar, and chemicals and fertilizers besides tea warehousing and investment activities. It offers various tea, including black tea, green tea, white tea, oolong tea, masala chai, specialty tea, flavored tea and organic tea. It offers Darjeeling Tea Packets in a range in food grade packaging. Its Assam Black Tea Packets range from CTC grades, Masala Chai and Earl Grey packed fresh in traditional loose leaf, pyramid tea bags and everyday envelope tea bags. It offers tea bags in an envelope sealed pyramid form and in an everyday staple less double chambered form. Its range of tea bags include Earl Grey, Single Estate Darjeeling, Classic Assam and a range of Green teas. A single estate Darjeeling green tea packet from Puttabong, Assam packet tea bags from the Bagicha range or a box of premium Masala Chai are a few of the offerings in its range of tea packets.
JYST - Jay Shree Tea and Industries Ltd
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