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
Madhav Marbles and Granites Limited is an India-based processor and exporter of granite and marble. The Company operates through three segments: Granite and Stone Division, Realty Division and Power Generation Unit. The Company is engaged in manufacturing, processing and trading of granite slabs / tiles, marble slabs / tiles, windmill power generation and realty business. The Company’s products include marble, granite, quartz, sandstone and calibrated tiles. Its stone tiles include regular tiles and XL tiles. The Company operates its Granite Division from South India (Salem, Tamil Nadu). The Company operates its Marble Division in Udaipur (Rajasthan). It has another facility in North India Udaipur for marble, sandstone, slates. It has an annual installed capacity of approximately 6,00,000 square meters. The Company exports its products to North America, South America, Canada, Europe, Australia, South Africa, Russia, and Far East.
MDVM - Madhav Marbles and Granites Ltd
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