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
Phyto Chem (India) Limited is engaged in manufacturing and marketing of pesticides for agriculture sector. The Company’s segments include Pesticides Formulations, Food Division and Real Estate Activities. The Company’s products include insecticides, synthetic pyrethroids, fungicides, weedicides, acaricides, plant growth regulators and promotors and antibiotics. Its various pesticide formulations include liquid and SC formulations, weedcide formulations, wettable and powder formulations and granule formulations. The Company has a production capacity of approximately 90,00,000 liters per kilogram per annum to manufacture various pesticide formulations and has a marketing network in the states of Telangana, Andhra Pradesh, Maharashtra and Karnataka. The products are marketed with its own brands through dealers and distributors network.
PHYT - Phyto Chem (India) Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.