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
Norben Tea & Exports Limited is an India-based company. The principal business of the Company is growing and manufacturing of tea. The Company operates through manufacturing of tea segment. The Company has three divisions, such as Berubari, Pareshnagar and Sakati. Its offerings include its crush, tear and curl (CTC) teas, which are made from approximately 100% clonal varieties. It offers a range of flavor teas in the domestic retail market. The teas are available in 250-gram pack, 100-gram pack and 25 teabags pack. It also sells over five and 10-kilograms family packs. It is a manufacturer-cum-merchant exporter and offers solutions for sourcing various Indian teas, flavor teas, green teas and teabags. Its bulk produce is available at tea auction centers in Kolkata and Siliguri. Its consumer packs are available in Kolkata and various outlets. The Company has tea plantations in the foothills of Darjeeling-Jalpaiguri region, West Bengal.
NTE - Norben Tea and Exports Ltd
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