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
National Fertilizers Limited (NFL) is engaged in the production and marketing of neem coated urea, bio-fertilizers (solid & liquid) and other allied industrial products. Its industrial products include ammonia, nitric acid, ammonium nitrate, sodium nitrite and sodium nitrate. Its segments include Own Fertilizers (Urea, Bio Fertilizers and Bentonite Fertilizers); Fertilizers Trading (Indigenous and Imported), and Other Products & Services (Industrial Products, Agro Chemicals, Traded Seeds, Seeds under Seeds Multiplication Programme). The Company is also engaged in trading in imported and domestic fertilizers, compost, seeds, agro chemicals and other agro products. The Company provides three types of bio-fertilizers, including phosphate solubilizing bacteria (PSB), rhizobium, and azotobacter. Its fertilizers, such as diammonium phosphate and bentonite sulfur, various other agro-inputs, including certified seeds, and agro-chemicals, such as compost, insecticides, and herbicides.
NAFT - National Fertilizers Ltd
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