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 Packaging Limited is an India-based holding company. The Company is engaged in the manufacturing of injection molded containers for lubes, paints, food, and other products. It operates through the packaging containers segment. The Company’s products include paint packaging, lubricant packs, food containers, bulk packaging, and dispenser pumps & sanitizer containers. It also offers in-mould labelling (IML) decoration and also has a heat transfer label (HTL) as well as silk screen printing. The Company offers lube containers with tamperproof flexi spouts for easy pouring and usage. It also provides bulk containers for bulk drugs, chemicals, and food. Its products also include paint pails, lubricants, twist lock packs, peanut butter packs, restaurant packs and ice cream packs. The Company is also engaged in importing and supplying pumps for various sanitizers, hand wash, soap manufacturing companies, and others. Its wholly owned subsidiary is Mold-Tek Packaging FZE, UAE.
MOLT - Mold-Tek Packaging Ltd
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