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
Seya Industries Limited is an India-based specialty chemical intermediates company. The Company is principally engaged in engaged in manufacturing and exporting pigments, pharmaceuticals, agrochemicals, and rubber chemicals intermediates. It specializes in the manufacturing of Chlorination and Nitration processed Benzene based products. The Company offers a range of applications in the manufacture of pharmaceuticals like Paracetamol, floxacins, and others; personal and health care products such as hair dyes; printing inks and paints that are used in laser/inkjet printers, for road markings, and others; agrochemicals like dichloro-diphenyl-trichloroethane, and others; insecticides/ pesticides, such as Quinalphos, Mortein, Baygon, and others; rubber chemicals for leather protection; textile dyes that include thermic fluids which are used as heating medium, and others. It also provides specially modified or custom formulations.
SEYA - Seya Industries Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.