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
Mold-Tek Technologies Limited is a holding company, which is engaged in providing civil and mechanical design engineering services. It provides structural engineering, detailing and mechanical engineering services. It is specialized in designing and detailing of structural steel, miscellaneous, metals, BIM services, in-house connection design and pre-engineered metal buildings-design and detailing services to steel fabricators, architects & general contractors. Its services include detailing & drafting, connection design & delegated design, design engineering and in-service support. It also provides mechanical design solutions for fully automated, semi-automated and manual assembly lines from individual operator-assisted stations to larger assembly lines across various industries globally. It offers structural steel detail drawings, PEMB detail drawings, Rebar detail drawings, precast detail drawings and others. Its delivery centers in Hyderabad, Chennai, Vijayawada, Nasik and Pune.
MOLD - Mold-Tek Technologies Ltd
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