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
Vadivarhe Speciality Chemicals Limited is an India-based company, which is engaged in the manufacturing of all types of organic chemicals, inorganic chemicals, bio-chemicals, bulk drugs, drug intermediaries and active pharmaceutical ingredients and to provide related services. The Company’s product range consists of intermediates, ingredients for personal and hair care products and specialty chemicals for active pharmaceutical ingredient (API) manufacturers. Its intermediates include Trimethyl ortho propionate, Tributyl ortho propionate, Trimethyl ortho valerate, Trimethyl ortho butyrate, Triethyl ortho benzoate, Trimethyl ortho benzoate, Tributyl ortho valerate, 4-Aminomorpholine and 1-Bromo-4-tert butyl benzene. The Company’s personal care ingredients include Sodium thioglycolate (Powder) and Calcium thioglycolate (Powder). Its specialty chemicals consist of Tert-Butoxy-bis (dimethyl amino) methane and 3-Aminophthalhydrazide sodium salt.
VADV - Vadivarhe Speciality Chemicals Ltd
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