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
Tinna rubber and Infrastructure Limited is an India-based company. The Company is primarily engaged in recycling of the waste tyres/end of life tyres (ELT) and manufacturing value-added product derived from waste tyres/ELTs. The Company is also engaged in manufacturing crumb rubber, crumb rubber modier (CRM), crumb rubber modied bitumen (CRMB), polymer modied bitumen (PMB), bitumen emulsion, reclaimed rubber/ ultrane crumb rubber compound and cut wire shots etc. Its products include ultra-fine high structure tyre, hi tensile reclaim rubber, hi carbon steels shots, hi carbon steel scrap, rubberized asphalt (CRMB), polymer modified bitumen (PMB) and bitumen emulsion. Its end-to-end solution in sourcing, processing, and manufacturing of value-added products derived from waste tyres. The Company also introduced new technologies and two specialized grades of emulsion such as micro surfacing, recycling grades emulsion and eco-friendly cold mix emulsion for rural roads.
TINN - Tinna Rubber and Infrastructure Ltd
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