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
Mahickra Chemicals Limited is an India-based company, which is engaged in manufacturing and trading of chemicals and dyestuffs. The Company’s products include Reactive M Brand, Reactive H Brand, Reactive HE Brand, Reactive ME Brand, and Reactive VS Dyes. Its Reactive H Brand refers to hot dyes, which are used for printing of cellulose goods. Its Reactive HE Brand is used for exhaust dyeing of knitted fabrics. Its Reactive ME Brand refers to Medium Exhaus dyes, which are used for exhaust and continuous dyeing of cellulose fibers. Its Reactive VS Dyes refers to vinyl sulphone, which is used for exhaust dyeing, cold pad batch process. It serves various markets, including Sri Lanka, Bangladesh, Pakistan, Zimbabwe, Netherlands, South Africa, Russia, Italy, Turkey, United States of America, Indonesia and Korea.
MHIC - Mahickra Chemicals Ltd
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