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
Kiri Industries Limited is an India-based company, which is engaged in the manufacturing and selling of dyes, dyes intermediates and basic chemicals. The Company’s products include Reactive Dyes, Dye Intermediates and Chemicals. Reactive Dyes are versatile and a class of organic dyes for importing color on cellulosic fibers. It offers various colors of Reactive Dyes, including red, yellow, black, orange, blue, green, violet and others. The versatility of reactive dyes in the application by various dyeing methods, such as exhaust dyeing, semi-continuous and continuous dyeing, as well as various printing methods, such as direct printing, resist printing, discharge printing, and the newly developed inkjet printing. The Company’s manufacturing facilities produce approximately 60% of the intermediates used for dye manufacturing. The Company’s subsidiaries include Chemhub Trading DMCC, Amrat Lakshmi Foundation, and Kiri Renewable Energy Private Limited.
KIRI - Kiri Industries Ltd
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