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
M.K. Proteins Ltd is an India-based company engaged in manufacturing vegetable refined oils. The Company refines rice bran, sunflower, cotton seed, soya bean, palm, and canola oil at its manufacturing facility in Ambala, Haryana. The Company is a manufacturing and trading organization having its production/refining plant of edible oils. It produces rice bran oil, sunflower oil, and other with a protein content, with controlled fibre free from oil residue, ash and sand and silica. Its manufacturing process involves refining crude oil to obtain refined rice bran oil, canola oil, soya bean oil, sunflower oil and rice bran bleached oil. It also imports crude oils, processes them and sells the finished product. It also trades in both edible and non-edible oils. It has a refining capacity of about 250 tons per day.
MKPR - M K Proteins Ltd
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