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
Kennametal India Limited is engaged in the business of manufacturing and trading of hard metal products and manufacturing of capital-intensive machines along with fixtures and spares. The Company’s segments include Hard Metals and Machining Solutions Group (MSG). The hard metal segment is engaged in delivering metalworking solutions and services through its two brands, such as Kennametal and WIDIA. Through these brands, the Company offers a complete portfolio of precision-engineered products and custom solution services. The MSG segment manufactures special purpose machines, tool and cutter grinding machines as well as fixture and tooling solutions through the WIDMA brand. The Company’s segments serve a range of sectors, including transportation, earthworks, energy, aerospace, and general engineering. The Company has its manufacturing facility in Bengaluru and sells its product and services through sales and support offices. Kennametal India Limited is a subsidiary of Kennametal Inc.
KENI - Kennametal India Ltd
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