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
Shree Rama Newsprint Limited is an India-based company, which is engaged in paper business and package drinking water business. The Company also has an operating segment of Water bottle plant. The Company manufactures recycled paper-based writing and printing paper and newsprint. Its paper products include writing and printing paper, photocopier paper, newsprint and kraft paper. It is manufacturing paper from wastepaper. It manufactures different grades of writing and printing paper, which are used in making notebooks, publications, and base paper by publication houses. Its writing and printing paper brands include Rama Silver, Rama Pearl, Rama Platinum, and Rama Palladium. Its newsprint is designed for high-speed offset printing on both cold and heat set presses and for high-volume publications.
SRNP - Shree Rama Newsprint 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.