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
Kirloskar Brothers Limited is engaged in engineering, manufacturing, and developing a range of solutions for total fluidity management. The Company’s business verticals include building and construction, process industry, irrigation, marine and defense, oil and gas, power, valves, water resource management, and retail pumps. Its product type includes end suction pumps, split-case pumps, multi-stage pump, sump pump, vertical inline pump, vertical turbine pump, non-clog submersible pump, and special engineered pump. It offers spares and accessories for all its pumping products and solutions. It provides various Hydro turbines, including Francis Turbines, Kaplan Turbines, and Pelton Wheel Turbines. It offers various valves, such as globe valve, air valve, ball valve, suction diffuser. Its applications include water intake, water distribution, lift irrigation, desalination, sewage / sludge treatment, firefighting system, flood-control, boiler-feed, and organic and in organic chemical.
KRBR - Kirloskar Brothers Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.