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
Kalyani Steels Limited is engaged in the business of manufacturing and sale of Iron and Steel Products. The Company’s segment includes Forging and Engineering quality carbon and alloy steels. The Company is an integrated manufacturer of a diverse range of steel products with its manufacturing facility located at Hospet Works in Karnataka. Its products include applications, grades and sizes, and production facilities. Its products and services include Rolled Bars for Automotive Application, Rolled Bars for Engineering Application, Round Cast for Seamless Tube Industry, Machined Bars for Aluminum Smelting Industry, Carbon Steel, Carbon-Manganese Steel, Chrome Steel, Chrome-Manganese Steel, Chrome-Nickel Steel, Chrome-Moly Steel and others. The integrated steel plant of the Company is located at Village Ginigera, Taluka and District Koppal, in the state of Karnataka. The Company’s subsidiary is Lord Ganesha Minerals Private Limited.
KLSL - Kalyani Steels Ltd
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