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
Pincon Spirit Limited is an India-based company that is engaging in the business of manufacturing, marketing, blending, bottling and retail of Indian Made Foreign Liquor (IMFL), Indian Made Indian Liquor (IMIL) and refining and packaging of fast-moving consumer goods (FMCG) items, including edible oil through its own manufacturing set up, tie up manufacturing set up/brand franchise. Its IMIL is made from rectified spirits of grains or molasses. The Company owns a refining and packaging unit with a production capacity of over 55,000 metric tons per annum. The Company’s product portfolio comprises of approximately 12 brands across five categories, including rum, whisky, vodka, brandy and gin. The Company has its presence in the distribution chain, with tie-ups of over 9,800 across the country. It has over three manufacturing facilities in Central and South Bengal. The Company’s subsidiaries include Priya Laboratories Pvt. Ltd., Yours Laboratories Pvt. Ltd. and Paul Distributors Pvt. Ltd.
PINS - Pincon Spirit 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.