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
Sikko Industries Limited is an India-based agrochemical company. The Company is engaged in the business of manufacturing, trading and exporting of bio-agro chemicals, pesticides, fertilizers, seeds, sprayers, packaging, machineries and fast-moving consumer goods (FMCG) products. Its segments include fertilizers, pesticides, seeds, and others. The Company offers a range of agrochemicals including pesticides, fungicides, herbicides/ weedicides, and plant growth regulators. Its fertilizers include organic fertilizers, chemical fertilizers, soil conditioners, and water soluble fertilizers. The Company’s seeds include field crops seeds and vegetable seeds. It exports a range of products like, organic fertilizers, organic pesticides, all types of grains like rice, wheat and other oil seeds like sesame seeds, cotton seeds, and many more. The Company also exports agricultural equipment, and other grains, as well as many chemicals.
SIKK - Sikko 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.