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
Nilachal Refractories Limited is an India-based company. The Company is primarily engaged in the business of refractories items. The Company is focused on manufacturing of refractory mortars, concretes, refractory bricks, blocks tiles and similar refractory ceramic, refractory ceramic products, other refractory articles. The Company’s products include fire clay and high alumina refractories bricks (up to 90% alumina), including checkers and customized shapes for a range of applications like coke ovens, steel ladles, re-heating furnaces, CC units, aluminum industry, cement industry and various non-ferrous sectors. It offers a range of slide gate accessories comprising well blocks, nozzles, seating blocks, and seating sleeves. The Company provides alumina-based abrasion resistant bricks as well as thermal spalling resistant bricks for critical applications in ferrous and non-ferrous industries. The Company has its manufacturing unit in the State of Odisha near Dhenkanal.
NILR - Nilachal Refractories Ltd
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