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
Nagarjuna Fertilizers and Chemicals Limited is an India-based manufacturer and supplier of plant nutrients. The Company is engaged in the business of manufacturing and marketing of fertilizers, micro irrigation equipment and Agri informatic services. Its operations and offerings have been aligned into three business units: straight nutrition business, nutrition solutions business and nagarjuna management services. The Company’s portfolio of products and services include nutrition solutions, such as macro and micro fertilizers and farm management services, and micro irrigation solutions. The Company offers its services for the management of chemical process plants, which include specialist services and total project management. Its manufactured products include Urea (46% N) (White free flowing) – Prilled and Anhydrous Ammonia. Its marketed products include Diammonium Phosphate (18-46-0) – DAP, Muriate of Potash – MOP (Potassium Chloride) and Chelated Zinc as Zn-EDTA.
NGFR - Nagarjuna Fertilizers and Chemicals Ltd
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