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
Radha Madhav Corporation Limited is an India-based company engaged in the product packaging business. It operates through two segments: sales of its manufactured products (sub-classified into end user and through channel partners), and marketing and trading. It is engaged in the trading and distribution of various products in various categories, such as clothing, fashion products, wellness, cosmetics, and electronics, among others, through the portal www.rmcluniverse.com or otherwise. It is also engaged in the manufacture of variants of multilayered and functional films, which find application in primary as well as secondary packaging solutions in the food, dairy, and pharmaceutical segments. It offers various services, including packaging design services, packaging testing services, technical packaging advisory services, packaging machinery systems, and pre-press services. It has a portfolio of packaging solutions consisting of barrier and functional films for various applications.
RMCP - Radha Madhav Corp Ltd
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