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
Nahar Spinning Mills Limited is engaged in manufacturing and exporting cotton, synthetic and blended yarns, and knitted garments. The Company offers various products such as yarn and knitted garments. Its yarns include 100% cotton-raw white and dyed yarns; raw white combed yarns; raw white carded yarns/open end yarns; dyed yarns; organic cotton yarn (raw white and dyed); fair trade cotton yarn; melange yarn; 100% gassed/mercerized yarns; compact spun yarns; blended yarns; specialized blended yarns; synthetic/manmade fiber yarns; cleaner yarn, and specialized yarns, such as Grindle Yarn, Space Dyed Yarn, Slub Yarn, Core Spun yarn, High Twist Yarn, Reverse Twist Yarn, and Elitwist Yarn. The Company’s single knits include Single Jersey, Pique, Textures, Fleece, Velour, French Terry, Popcorn, and Mini Jacquards, and its double knits include Interlocks, Drop Needle, Textures, Ribs, Variegated Ribs, and Feeder strippers.
NHRS - Nahar Spinning Mills Ltd
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