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
Stone India Limited is principally engaged in producing railway products. The Company’s segments include Railway products and Services, and Biotoilets. Its products include train lighting alternators, critical loco brake valve, air brake wagon and coaches, pantographs, slack adjusters, panel mounted brake system for locomotive, rolling stock spares business and air dryers. The Company’s products also include conventional products, including brakes, loco safety, and train power; solar products, including round Mounted Plant, Hilly Area Plant, Commercial Roof Plant and Household Plant; sanitation; PSD; vertical transportation; exports, and brochure. The Company provides bio toilets and control discharge toilet systems (CDTS). The Company’s projects include a solar energy project, which produces power. It has two subsidiaries, which include Stone Intermodal Private Limited and Stone Biotech Private Limited.
STON - Stone India Ltd
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