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
NACL Industries Limited is an India-based agrochemical company. The Company is in the business of crop protection and manufactures both technical (active ingredient) and formulations. It manufactures products in categories, such as pesticides, insecticides, acaricides, herbicides, fungicides and other plant growth chemicals. It manufactures a range of technical, such as myclobutanil, propiconazole, profenofos, pretilachlor and tricyclazole. Its formulation business is mainly in the Indian market and sells through its retail dealer network across India. It has a range of branded formulations. It also exports technical and formulations and does toll manufacture for various companies. It exports its products to over 30 nations across four continents. The Company’s wholly owned subsidiaries include LR Research Laboratories Private Limited, Nagarjuna Agrichem (Australia) Pty Limited, NACL Spec-Chem Limited and NACL Multi-Chem Private Limited.
NACL - NACL Industries 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.