Manaksia Ltd








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Note on Purification and Zakat

  • 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

Manaksia Limited is an India-based holding company. The Company is engaged in the manufacturing of aluminum, packaging products, and iron and steel. The Company’s segments include Packaging Products, Metal Products, and Others. The Metal Product segment consists of the manufacture and sale of aluminum and steel galvanized sheets, coils, polypropylene (PP) cap, crown closures, metal containers, expanded (EP) liners, washers, and EP sheets. The Packaging segment consists of the manufacture and sale of kraft paper. The Others segment consists of trading spare parts of machines, including paper machines and consumables. The Company’s geographical segments include within India and outside India. The manufacturing units of the Company are located in Nigeria, Ghana and India (West Bengal). The Company’s wholly owned subsidiaries include MINL Ltd., Manaksia Overseas Ltd and Manaksia Ferro Industries Ltd.