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
KCK Industries Limited is an India-based company. The Company is engaged in the business of trading and distribution of combed and carded cotton yarns ranging from Ne 4 to Ne 40 in single and multifold and knitted fabrics. These yarns are suitable for applications, such as apparels, undergarments, terry towels, denims, medical fabrics, furnishing fabrics, and industrial fabrics. The business segment of the Company includes trading and distribution of chemicals and dyes for textiles industry, leather, and paper industries. It also deals in construction chemicals. The Company supplies a diverse product portfolio in the chemicals and dyes segment. With an addition in vertical line of business segment, the Company also processes the non-basmati and basmati rice. It offers various products in its chemicals and dyes product portfolio, which includes dyeing, finishing, flame retardant, optical brightener, pigment printing, pre-treatment, softener, antifoaming/deaerating, and basic chemicals.
KCKI - KCK Industries Ltd
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