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
Lexus Granito (India) Limited is an India-based company, which is engaged in manufacturing, trading and marketing of vitrified ceramic tiles and wall tiles for the domestic and international markets. The Company operates a manufacturing facility at Morbi, Gujarat, India. It also operates an in-house laboratory, which enables the Company to develop new colors, besides facilitating the conducting of tests and analysis of various products. Its vitrified (floor) tile products include glossy series, rustic series, high gloss series and wooden series. Its wall tile products include elevation series, glossy series and matt series. Its doublecharge product includes the trinity series.
LEXU - Lexus Granito (India) Ltd
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