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
Prakash Pipes Limited is an India-based company. The Company is engaged in manufacturing polyvinyl chloride (PVC) pipes and fittings. It operates PVC business under Prakash brand. It operates through two segments: PVC pipes & fittings and Flexible Packaging. PVC pipes & fittings division includes unplasticized polyvinyl chloride (uPVC) pipes, plumbing pipes, casing pipes, chlorinated poly vinyl chloride (CPVC) pipes, column pipes, garden pipes, soil, waste and rain (SWR) pipes (selfit & ringfit), plumbing uPVC pipes, fittings and water tanks. Its flexible packaging offerings application include fast-moving consumer goods (FMCG), food, beverages, infrastructure, and pharmaceutical products. The flexible packaging division includes multi-layer laminates, multi-layer pouches, blown PE film, printing cylinders and printing inks.
PRAS - Prakash Pipes 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.