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 Paper Mills Limited is an India-based company, which is engaged in the manufacture and supply of paper and paper board. The Company produces a range of industrial packaging and cultural paper catering to all segment of the consumer. The Company’s products include cultural paper and industrial papers. Its cultural papers applications include printing and envelop manufacturing, security paper printing, security paper printing, copy manufacturing, card manufacturing, and children scrap book. The Company’s industrial papers applications include carry bags, soap packing, paper cup base, crockery surface printing, children decorative, lamination decorative, soap wrapper, tobacco packing, poly coated wrappers, mentalization, poly coated wrappers, cooler pads, industrial laminates, battery jacket manufacturing, and grocery bags. Its other grade applications include ledger paper, account book paper, pamphlets, Thesis writing, certificates, bills books, and letter heads.
STPM - Star Paper Mills Ltd
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