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
Mallcom (India) Limited is an India-based company, which is an integrated manufacturer and distributor of personal protective equipment (PPE). The Company’s primary business segment is industrial safety products. The industrial safety products business incorporates product groups, such as leather hand gloves, industrial work garments, seamless knitted gloves, leather shoe upper, safety shoes and nitrile dipped gloves. The Company produces various product categories covering head to toe, such as helmets, face masks, garments, rainwear, leather gloves, nitrile gloves, and shoes. It also offers eyewear, ear protection equipment, latex gloves, neoprene gloves, and harnesses in its brand. It has expertise with various raw materials such as textile, leather, rubber, and plastic. The Company serves various industries, including aerospace, agriculture, automobile, biotechnology, cement, chemical, paint, construction, civil, food and beverage, healthcare, and defense and security, among others.
MLCM - Mallcom (India) Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.