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
Marshall Machines Limited is an India-based differentiated machine tool manufacturer company. The Company is engaged in the business of developing, manufacturing and marketing of Machine Tool Equipment, including a range of single spindle, patented double and four-spindle computer numerical control (CNC) machines, automated robotic solutions. The Company’s machines are used in several industries, including the automobile industry, consumer durables and appliances, and general engineering. Its products include CITIUS-ALTIUS-FORTIUS (CAF), UNO, TWINTURN UBER, RIGIDTURN, RAPIDTURN, RAPIDTURN, IoTQ suit of smart machines, SmartCorrect Gauging Station, SmartCorrect Eco Low Cost Gauging Station, SmartSense 3 in 1 Sensor for monitoring machine health, TWIN GRIP, TWIN RELEASE and ROBOTURN Cells & Lines. The Company has its manufacturing base in Ludhiana and also has a R&D, Marketing and Technology Display Centre at IMT Manesar, Gurugram.
MARH - Marshall Machines Ltd
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