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
SP Refractories Limited is an India-based company, which is engaged in manufacturing and supplying of quality refractory material made using grade cement, aggregates and other raw materials. Its core focus is on refractory cement, which is a niche and high margin cement used in iron and steel and construction industries because of its thermal conductivity, maximum strength and heat resistance. The Company offers a range of refractory cement and castables, including high alumina refractory cement, high purity high alumina dense castables, low cement castables. It has a production capacity of 7000 MT per annum.
SPRF - SP Refractories Ltd
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