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
Regency Ceramics Limited is an India-based company, which is engaged in the manufacturing of ceramic floor and wall tiles suitable to domestic and international markets. The Company introduced several designs of glazed vitrified tiles, parking tiles and heavy-duty tiles for high-traffic areas. The Company operates through various depot networks across the country. The Company has two modern manufacturing facilities and 700 dealers across all over India. Its plant is located at Yanam, Union Territory of Puducherry. It has a capacity to manufacture approximately 44,000 square meters per day. The Company’s products include floor tiles, wall tiles, vitrified tiles, tile highlighters, imported tiles and duro tiles.
REGC - Regency Ceramics Ltd
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