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
Star Delta Transformers Limited is an India-based company, which is engaged in manufacturing, distribution and power transformation. The Company operates through two segments. Manufacturing of Transformers segment has a range of distribution and power transformers varying from single phase transformers, three phase transformers, power transformers, extra high voltage transformers, solar/wind transformers, special purpose transformers catering to various electricity boards of Madhya Pradesh, Chattisgarh, Maharashtra, Orissa, Rajasthan, Andra Pradesh and other. The Company supplies through direct orders from Discoms and also through major private contractor companies like L&T, BHEL, Bajaj Electricals, Genus infra power ltd., Blue star Ltd. and other. Solar Power segment has setup 500 kilowatts peak (KWp) photovoltaics (PV) on-grid solar power plant in village Gagorni, Rajgarh district of Madhya Pradesh. The plan has annual generation capacity of approximately 7.5 lakhs units.
STAD - Star Delta Transformers Ltd
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