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
The State Trading Corporation of India Limited is an international trading company. The Company is engaged in trading business that consists of import and export in bulk commodities of rice, wheat, sugar, pulse, edible oils, fertilizers, coal, and bullion. Its businesses include agro-commodities, precious metals, mineral and metal ores, coal and coke, fertilizers, countertrade and offset general imports, and ballistic items. It imports various types of mineral ores and concentrates. It supplies Technical Grade Urea as an industrial chemical to various industries, such as actual users, as well as Indian traders. It supplies complex fertilizers, sulfur, rock phosphate, and phosphoric acid to various fertilizer companies. It also imports various types of equipment/instruments, including medical equipment, police/security equipment, intelligence/surveillance equipment, laboratory equipment/instruments, tourism equipment, sports equipment, and multimedia equipment.
STCI - State Trading Corporation of India Ltd
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