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
Madras Fertilizers Limited is an India-based company that is engaged in the manufacture of urea, and fertilizers. The Company is also engaged in manufacturing bio-fertilizers and trading eco-friendly agro chemicals, organic manure and city compost under the brand name Vijay. The Company operates through two segments: Fertilizers (Urea and NPK) and Other activities (Trading activities and Biofertilizers). The Company’s products include Vijay Fertilizer, Vijay Organic Products, Vijay Neem Products and Vijay Bio Fertilizer. Its chemical fertilizers include VIJAY Urea, VIJAY Complexes and VIJAY Neem Coated Urea. Its VIJAY Bio-fertilizers comes in two categories, such as Nitrogen fixers and Phosphate Solubilizers. Its Biofertilizer range covers the requirements of all crops under all soil/climatic conditions. The Company has its plant facilities located on approximately 329 acres of freehold land at Manali, about 20 kilometers north of Chennai city.
MDFT - Madras Fertilizers Ltd
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