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
Uniply Industries Limited is an India-based company. The Company is engaged in the business of trading in plywood and allied products, medium density fibre boards and allied products, Interior and furniture products through its subsidiary. It is also engaged in the business of development of infrastructure facilities on an engineering procurement and construction basis (EPC) and undertakes contracts from various Governments and other parties. The Company operates through two segments: interior wood products and construction. The interior wood products business is based in Kuala Lumpur. The interior wood products deliver marquee projects for established large business houses across India. Its construction business is executing two turnkey projects each in Telangana and Karnataka (design-to-build). Its products include plywood, blockboards, doors, decorative veneer, laminates, liners, flooring, adhesives, furniture and furnishing products. It sells its goods in domestic markets.
UNIN - Uniply Industries Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.