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
Rossell India Limited is an India-based holding company. The Company is engaged in the management and operations of its business related to the aerospace and airline industry and in connection, therewith, also provides certain services and activities to support the ongoing functions and requirements of other businesses operating in such industries. The Company has two divisions: Rossell Tea and Rossell Techsys. The Rossell Tea division is engaged in the cultivation, manufacture and selling of bulk tea. The Company owns six tea estates all located in Assam, namely Dikom, Nokhroy, Nagrijuli, Romai, Namsang and Kharikatia. The Rossell Techsys division is engaged in engineering and manufacturing in aerospace and defense services. Its clients are defense public sector undertakings, defense research and development organizations, Indian defense forces and foreign original equipment manufacturers in the aerospace and defense sector. The Company’s subsidiary is Rossell Techsys Inc.
ROSS - Rossell India Ltd
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