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
Pearl Global Industries Limited is an India-based apparel manufacturing company. The Company is engaged in manufacturing, sourcing, distribution and export of ready-to-wear apparel through its domestic and global facilities and operations. The Company provides end-to-end supply chain solutions to brands across the globe. The Company provides complete apparel solutions to fashion brands across categories. Its product range includes knits, woven, denim, outerwear, activewear and athleisure, sleepwear and lounge, childrenswear and workwear. The Company provides basic and complex designs across men, women and kids wear segments. The Company’s geographical segments include Bangladesh, Hong Kong, India and Others. Its wholly owned subsidiaries include Pearl Global Kaushal Vikas Limited, Pearl Global Fareast Limited, Pearl Global (HK) Limited, Norp Knit Industries Limited, Sead Apparels Private Limited and SBUYS E-Commerce Limited.
PGIL - Pearl Global Industries Ltd
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