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
Mishra Dhatu Nigam Limited is an India-based company, which is engaged in the business of manufacturing of superalloys, titanium, special purpose steel and other special metals. The Company is in the business of manufacturing of super alloys and other special metals. It is also focused on manufacturing of Other Alloy Steel in semi-finished forms, manufacture of Titanium and Titanium base Alloy and Manufacture of Nickel-based alloy in semi-finished forms. It offers various products and services, including superalloys, Titanium and Titanium Alloys, special steel, other metal and alloys. Its products include long products, flat products, open die forgings and investment casting. Its Special products include Biomedical- implants, Fasteners, and Welding consumables. The Company also provides testing, evaluation and consultancy services covering chemical analysis, mechanical, non-destructive and magnetic testing.
MISR - Mishra Dhatu Nigam Ltd
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