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
Mahindra EPC Irrigation Limited is an India-based company, which is engaged in the business of manufacturing micro irrigation systems. The Company’s product portfolio includes drip and sprinklers, agricultural pumps, greenhouses, and landscape products, among others. Its drip irrigation products include online drip irrigation products, such as drippers and plain lateral products; inline drip irrigation products comprising non-PC cylindrical, PC cylindrical, flat, PC flat, and thin wall flat inline products; and drip irrigation components consisting of hydrocylone, sand, screen, and disc filters, as well as header assemblies. Its sprinkler irrigation products comprise nozzle, QPC sprinkler fittings, and rain gun. The Company also offers HDPE pipes and pipe coils; and landscape and turf irrigation products comprising valves, nozzles, rotors, and spray bodies. Its subsidiaries include Mahindra Logistics Ltd, Mahindra HZPC Pvt Ltd, and Mahindra Lifespace Developers Ltd, among others.
MHID - Mahindra EPC Irrigation Ltd
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