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
Linc Limited is an India-based writing instrument manufacturers. The Company’s product portfolio includes gel pens, ball pens, fountain pens, markers, mechanical pencils, files and folders, and disinfectants. The Company provides a range of products marketed under the brands, Linc, Lincplus, Pentonic, Uni-ball, Deli and Markline. Its products include Pentonic Ball Assorted, Pentonic BRT, Pentonic Ball, Signetta Gold, Signetta Supertip, Glycer (0.7 MM), Glycer (0.6 MM), Meeting G1, Markline Permanent Markers and Markline White Board Markers. Its manufacturing facilities are located in Umbergaon (Gujarat) and Serakole (West Bengal). The Company has an aggregate manufacturing capacity of approximately 25 lakhs units a day. It has global presence in more than 40 countries where its product is sold under the Linc brand. The Company has a distribution network in Southeast Asia, Middle East, United of America, United Kingdom, Europe, South America, Africa, Russia and CIS countries.
LINC - Linc Ltd
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