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
Thirumalai Chemicals Limited is an India-based company, which is engaged in the manufacturing of phthalic anhydride, maleic anhydride, and food acids. It operates through a single reportable segment of the sale of organic chemicals. Its product phthalic anhydride is used to produce unsaturated polyester resins, wire and cable application, hoses, pipes, coated fabrics, swimming pool liners, among others. Its product malic acid is used in the manufacture of skin and dental care products and can be used in a number of technical applications, such as electroplating and metal cleaning. The fumaric acid products are used in the manufacturing of medicines, drinks, food, animal feed, cleansing agents, unsaturated polyester, alkyd resins, and printing inks. Its diethyl phthalate (DEP) is used as a plasticizer for cellulose ester plastic films and sheets (photographic, blister packaging, and tape applications). Its subsidiaries include Cheminvest Pte Limited, Optimistic Organic Sdn Bhd and more.
THRM - Thirumalai Chemicals Ltd
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