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
La Opala RG Limited is an India-based tableware company. The Company is a manufacturer and marketer of lifestyle product in the glassware segment. The Company is engaged in the manufacture and marketing of opal glass tableware and lead crystalware products. The Company’s products portfolio includes Opal glassware, which include plates, bowls, dinner sets, cup-saucer sets, coffee mugs, coffee cups, tea sets, soup sets, pudding and dessert sets, and crystal ware products comprises barware, vases, bowls and stemware. The Company’s brands include La Opala, Diva, Cook Serve Store and Solitaire Crystal. La Opala is the flagship brand of the Company and provides dinner sets, plates, bowls, coffee mugs and other products. Diva offers a range of products under five collections: Classique, Ivory, Cosmo, Quadra, Sovrana and Velvett. Its Solitaire Crystal brand offers hand crafted 24% lead crystal tumblers, beer mugs and vases.
LAOP - La Opala R G Ltd
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