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
Tega Industries Limited is an India-based company, which designs and manufactures consumables for the mining, mineral processing, and material handling industries. The Company operates through two segments: Consumables, and Equipments. Consumables is engaged in manufacturing and distribution of specialized critical to operate and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry. Equipments is engaged in manufacturing and marketing of crushing, screening, grinding, material handling and mineral processing equipment with integrated customer support and after-sales service. The Company offers a DynaMax range of mill liners, which includes DynaSteel, DynaPrime, DynaWear, and DynaPulp. It has manufacturing facilities in India, South Africa, Australia and Chile, and exports its products and solutions to approximately 70 countries. It has sales and distribution network and over 1700+ workforce across the globe.
TEGA - Tega Industries Ltd
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