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
Ruchira Papers Limited is an India-based paper manufacturing company. The Company is engaged in the business of manufacturing of Kraft Paper and Writing & Printing Paper. The Kraft Paper is being manufactured by using wastepaper and agriculture residues, such as Bagasse, wheat straw, and sarkanda. The Writing and Printing Paper is being manufactured by using agricultural residues, such as wheat straw, Baggase, sarkanda, Softwood Pulp and other fillers. The Company’s writing and printing paper finds application in notebooks, writing material, wedding cards, shade cards, children’s coloring books and bill books. It also manufactures copier paper. The Company’s kraft paper is used in the packaging industry, especially in the fabrication of corrugated boxes and other packaging material. The Company has a production capability of 400 tonnes per day (TPD) of Kraft Paper and writing and printing paper. The Company has a manufacturing plant in Kala-Amb, district Sirmour, Himachal Pradesh.
RCHR - Ruchira Papers 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.