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
Shirpur Gold Refinery Limited is an India-based company that is engaged in the business of manufacturing and trading gold bars, gold coins, gold jewelry and export of gold jewelry. The Company is also engaged in the business of refining, manufacturing and marketing of precious metals. The Company sells its products under Zee Gold brand. The Company’s marketable products, such as gold and silver bars are available in 25 grams (g), 50g, 100g, one kg, or different denominations and purities. The Company is also focused on producing a range of industrial value-added products for the domestic and international market. It has a metal refinery with an annual capacity of approximately 217 metric tons (MT) of gold and silver at Shirpur, Maharashtra. The Company’s subsidiaries include Shirpur Gold DMCC, Precious Metal Mining and Refining Limited, and Metallic Exploration and Mining Limited.
SHGR - Shirpur Gold Refinery Ltd
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