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
Prince Pipes and Fittings Limited is an India-based company. The Company is engaged in manufacturing of plastic pipes and fittings using four different polymers: unplasticized polyvinyl chloride (UPVC), chlorinated polyvinyl chloride (CPVC), polypropylene random (PPR) and high-density polyethylene (HDPE). It operates computerized injection molding machines with a clamping force ranging from 50 to 660 tons to manufacture fittings. Its product range includes plumbing, industrial, sewerage drainage pipes & fittings, underground, DRAINFIT – UPVC underground drainage piping systems, agriculture and borewell, cable ducting and surface drainage system. Its products include FlowGuard Plus CPVC plumbing systems, Easyfit UPVC pipes, EasyFit iN, Easy Fit RE, Greenfit pipes, Silentfit pipes, Rainfit pipes, Ultrafit pipes and fittings, Drainfit pipes, Foamfit pipes, Corfit double-walled corrugated (DWC) pipes, Aquafit pipes and fittings, Safefit pipes, Storefit water tanks and Cablefit pipes.
PRCE - Prince Pipes and Fittings Ltd
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