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
Tembo Global Industries Limited is an India-based industrial powerhouse company. The Company is engaged in the manufacturing and fabrication of metal products used in pipe support systems, fasteners, anchors, heating, ventilation, and air conditioning (HVAC), anti-vibration systems and equipment for industrial, commercial, utility and OEM installations. Its products include fire-fighting, MEP, HVAC, oil and gas, drainage, anti-vibration solutions, fastener solutions and anchoring solutions. The Company has two segments: Manufacturing of Engineering Products and Trading of Fabric and Textile Products. Its fire-fighting products include Sprinkler Hanger, clevis hanger, slotted channel, threaded rod, drop-in anchor. Its MEP products include U-bolt with lining, slotted channel, threaded rod, pipe hanger with EPDM lining and wedge anchor. Its textile products include fiber and yarn, shirting, suiting, bedsheets and handkerchiefs, uniform fabric and knitted fabrics.
TEMB - Tembo Global Industries Ltd
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