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
Kakatiya Cement Sugar and Industries Limited is an India-based company, which is engaged in the manufacture of ordinary portland cement. The Company’s segments include Cement, Sugar and Power. Its Kakatiya Cement is utilized for various constructions, multi-storied buildings, flyovers, barriages and more. The installed capacity of the Company’s Cement Division is approximately 297,000 tons per annum (TPA), and that of the Sugar Division is approximately 3,200 tons of cane per day (TCD). Its Sugar Division crushes approximately four lakh metric tons (MT) of sugar cane on an average per year. The cement plant of the Company is located in Nalgonda District of Andhra Pradesh, whereas the sugar and power plants are located in Khammam District. The Company operates a 17-megawatt (MW) cogeneration power plant. Its sugar site is located at Peruvancha Village,Kalluru Mandal at Khammam District. Andhra Pradesh.
KKTY - Kakatiya Cement Sugar and Industries Ltd
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