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
Lloyds Engineering Works Ltd, formerly Lloyds Steels Industries Limited, is an India-based designer and manufacturer of heavy equipment, machinery and systems for the hydrocarbon sector, oil and gas, steel plants, power plants, nuclear plant boilers and turnkey projects. It operates in the Engineering Products and Services segment. It is engaged in design, engineering, manufacturing, fabrication, supply, erection, and commissioning of all types of mechanical, hydraulic, structural, process plants, metallurgical, chemical plants equipment, including marine loading/unloading arms, truck/wagon loading/unloading arms, columns, pressure vessels, dryers, boilers, power plant, steel plant equipment, capital equipment and execution of turnkey and engineering procurement construction (EPC) projects. Its projects include a 30-megawatt (MW) Power Plant and a Pellet Plant. It serves hydrocarbon, steel, nuclear power, marine, ports, jetty and refineries, and engineering procurement construction.
LSIL - Lloyds Engineering Works Ltd
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