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
TIL Limited is an India-based company. The Company is engaged in manufacturing and marketing of a comprehensive range of material handling, lifting, port and road construction solutions with integrated customer support and after-sales service. The Company operates through one segment, Materials Handling Solutions (MHS). The Materials Handling Solutions segment is engaged in manufacturing and marketing of various material handling equipment, namely mobile cranes, port equipment, self-loading truck cranes, road construction equipment and more. The Company’s products include rough terrain cranes, truck cranes, pick and carry cranes, Manitowoc crawler cranes, grove cranes, reach stackers, forklift trucks and container handlers. The Company has two manufacturing facilities at Kamarhatty and Kharagpur in West Bengal.
TILL - TIL Ltd
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