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
Kkalpana Industries (India) Limited is an India-based company, which is engaged in the business of different grades of plastic granules. The Company operate through a single reportable operating segment, reprocessed plastic compounds. The Company’s products include poly vinyl chloride; polyethylene; and agglomerates, reprocessed granules, scraps and others. The Company’s subsidiaries include Ddev Plastiks Industries Limited, Ddev Plastic Limited, Kkalpana Plastic Reprocess Industries Middleeast FZE and Plastic Processor and Exporters Pvt Ltd.
KIND - Kkalpana Industries (India) Ltd
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