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
Oricon Enterprises Limited is an India-based holding company. The Company is engaged in the business of manufacturing petrochemical products, trading, liquid colorants, preform metal, plastic closures and real estate. The Company’s segments include Packaging, Real Estate, Petrochemicals, and Others. It is focused on manufacturing plastic and metal closures, PET preforms, collapsible tubes and pilfer proof caps in the packaging segment and petrochemical products. The Company manufactures and markets packaging products through metal caps and closures, including crown caps, closures, roll over pilfer proof caps (ROPPcaps), aluminium collapsible tubes, plastic closure, pre-forms, and petrochemical products. The Company’s manufacturing units are situated at Murbad, Goa, Khopoli and Khurda (Odisha). The Company’s subsidiaries include Reay Road Iron & Metal warehousing Private Limited, Oriental Containers Limited, and United Shippers Ltd, among others.
OREN - Oricon Enterprises Ltd
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