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
Shree Ganesh Bio-Tech (India) Limited is an India-based company, which is engaged in the business of production, processing and marketing of quality hybrid seeds for different crops like corn, sunflower, cotton, paddy and grain sorghum. The Company is also involved in the business of tissue culture plants. It is a provider of crop solutions to the farmer by supplying high yielding hybrid seeds and crop management, namely micronutrients and bioproducts. The Company is also engaged in research and development in the areas of superior breeding programs and biotechnology tools. The Company sells its products to the farmers in West Bengal, Odisha and Bihar.
SHGB - Shree Ganesh Bio-Tech (India) Ltd
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