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
IIRM Holdings India Limited, formerly Sudev Industries Limited, is engaged in manufacturing plastics, alkathene, natural and synthetic rubber molded goods, and foams, among others in order to manufacture rubber and plastics products. The Company is specialized in production and distribution of complete range of Roto Molded Products, which are made from plastics resins and are substitute for steel, wood & RCC in variety of applications. The Company has established its manufacturing premises at Sikandrabad, Uttar Pradesh.
SUDE - IIRM Holdings India Ltd
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