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
The Tinplate Company of India Limited is an India-based producer of tin coated and tin free steel sheets. The Company is engaged in the manufacturing of electrolytic tinplate. It is involved in production and sale of tinplate products, and sale of scrap and others. Its products include electrolytic tinplate (ETP), Tin Free Steel (TFS)/Electro-Chromium-Coated-Steel (ECCS), and Lacquered/Coated Electrolytic Tinplate Sheets. ETP is a cold rolled mild steel coil or sheet, coated on both sides with tin by a continuous electrolytic operation, which when flow melted forms a tin iron layer in between the steel base and the lustrous free tin layer. TFS/ECCS is an electrolytic chrome plated steel consisting of a thin layer of metal chromium and a layer of hydrated chromium oxide deposited on the steel base which gives it a lustrous metallic finish on both surfaces. Its subsidiaries include Tata Sons Private Limited, The Tata Pigments Limited, Tata Steel BSL Limited and others.
TINP - Tinplate Company of India Ltd
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