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
Mahip Industries Limited is an India-based manufacturer and exporter of corrugated boxes. The Company serves various industries, such as e-commerce and retail, food and beverage, pharmaceuticals and healthcare, manufacturing and industrial, electronics and technology, automotive and transportation, and agriculture and horticulture, among others. Its products include folding cartons, regular slotted containers (RSC), die-cut boxes, heavy-duty boxes, custom printing and branding, and corrugated rolls. Its folding carton products are available in different sizes, designs, and printing options. The Company’s die-cut boxes are available in a variety of shapes and styles, such as trays, sleeves, partitions, and display packaging. It offers custom printing services to showcase its customers brand logo, graphics, and product information on the boxes. The Company also offers corrugated rolls and sheets to its customers who need to pack their products with multiple layers.
MAHS - Mahip Industries Ltd
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