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
Shivalik Rasayan Ltd is an India-based company engaged in the manufacturing of agrochemicals and active pharma ingredients (API). The Company is the producer of Dimethoate Technical and the Malathion Technical in India. It also manufactures organophosphorus-based insecticides and chemicals. Its business units include API, Formulation, Research and Development, Agrochemical, Specialty Chemicals and Intellectual Property. It offers solutions from product selection to development till commercialization for a range of oncology and non-oncology products. Its oncology products include Azacitidine, Busulfan, Bortezomib, and various others. Its non-oncology products include Fingolimod, Pirfenidone, Ambroxol HCL, and others. Its Dimethoate Technical is used in preparation of formulations used in the control of a range of insect and mites. Its Malathion Technical is a non-systemic, wide spectrum organophosphorus (OP) based contact insecticide used for a variety of food/feed crops.
SIVA - Shivalik Rasayan Ltd
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