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
Kingfa Science & Technology (India) Limited is an India-based company, which is engaged in the business of manufacturing and supply of reinforced polypropylene compounds, thermoplastics elastomers, fiber re-enforced composites and personal protective equipment (PPE) like mask and gloves. The Company operates through a single segment, Reinforced Polypropylene. The Company’s products include Polymer Compounding, and Personal Protective Equipment, which include Respiratory Protection (MFR), Respiratory Protection (Reusable), Hand Protection and Eye Protection. Its Polypropylene modified by the addition of reinforcements, such as talc, chalk, mica and glass fiber and has enabled it to establish itself as a metal substitute in engineering applications.
KINA - Kingfa Science and Technology (India) Ltd
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