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
Tide Water Oil Co. (India) Ltd. is engaged in the business of manufacturing and marketing of lubricants. The Company offers its products in three categories, such as automotive lubricants, industrial lubricants and specialities. Its automotive lubricants products include two-wheeler oils, motorcycle oils, scooter oils passenger car motor oils, commercial vehicle oils, tractor oils, miscellaneous, greases OEM oils, gear and transmission oils. Its offers industrial lubricants, such as machinery oils thermic fluids, spindle oils, turbine oils, hydraulic and circulation oils, heavy-duty hydraulic oils compressor oils, refrigeration compressor oils, steam cylinder oils, industrial gear oils metal working fluids, non-drip oils, mill roll oils, transmission oils, coolants, lithium soap greases lithium complex greases, specialty greases, graphite greases, calcium soap greases, high temperature greases and cardium compounds. Its specialities products offer vehicle sanitization and vehicle care.
TIDE - Tide Water Oil Co India Ltd
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