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
Lakshmi Energy And Foods Limited are in the business of Agri based products. The Company engaged in the processing of Rice of various varieties and grades, edible oil, whole wheat flour, and green power generation based on agri-waste mainly rice husk which is one of the by-products. It is primarily engaged in the handling, storage, and transportation of food grains. It also offers warehousing infrastructure, transportation, and packing. It offers rice in categories, such as basmati, including Lazeez, Afreen, Supreme Delight, Royal Brilliance and Everyday Active, and non-basmati. The Company offers rice bran oil and de-oiled cake. It offers products under the Lakshmi foods brand.
LAKO - Lakshmi Energy And Foods Ltd
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