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
SMVD Poly Pack Limited is an India-based manufacturer and exporter of flexible intermediate bulk container (FIBC) packaging solutions. The Company operates through two segments: Plastic product and Water Coconut. The Company’s products include FIBC jumbo bags, polypropylene (PP)/ high-density polyethylene (HDPE) woven sacks, biaxially oriented polypropylene (BOPP) bags and leno bags. The Company serves both business-to-business (B2B) and business-to-customers (B2C) sectors. The Company offers its products across various sectors, including fertilizer plants, cement plants, chemical industries, flour mills, ceramic industries, steel industries, plastic compounds, rice plants, poultry farms and more.
SMVD - SMVD Poly Pack Ltd
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