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
Remedium Lifecare Limited is an India-based pharmaceutical company. The Company is aligned across two business verticals: Products and Services. The Products business comprises trading and sale of active pharmaceutical ingredients (APIs) and intermediates to innovator and generic pharmaceutical players in both domestic and international markets including the regulated markets. It is engaged in the business of trading in advanced pharmaceutical intermediates, API’s and other pharma products used, such as iso propyl alcohol, cyclohexane, di iso propyl amine, ethyl acetate, hydrazine hydrate, methylene di chloride, potassium carbonate powder, sodium bi-carbonate, potassium hydroxide flakes, sodium chloride, sodium carbonate (soda ash), amino isophthalic acid, tellurium(IV) oxide, Grignard reagent, selenium metal powder and trimethyl sulfoxonium iodide (TMSI). It is involved with the manufacture of various APIs, such as atorvastatin calcium (Amorphous) and citalopram hydrochloride.
REMU - Remedium Lifecare Ltd
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