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
Responsive Industries Limited is primarily engaged in the business of manufacturing and selling of articles made out of plastics / polymers. The Company produces various types, grades and forms of PVC flooring, PVC leather cloth and PVC sheeting. Its main product verticals are vinyl flooring, synthetic leather, luxury vinyl tile (LVT) and shipping ropes. It is engaged in manufacturing across flooring and synthetic leather-related PVC products. It produces approximately 24 different types of flooring catering to various sections of society, ranging from hospitals, health care, transportation, real estate, offices, and residences. The Company’s products are marketed both in India and outside. The Company exports its products to over 70 countries across the globe and has a network of over 300 active distributors spread across India. Its wholly owned subsidiaries include Axiom Cordages Limited, Responsive Industries Limited, and Responsive Industries Pte Limited.
RSPO - Responsive Industries Ltd
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