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
Valiant Organics Limited is an India-based chemical manufacturing company. The Company is engaged in the business of manufacturing and marketing of chlorophenol products. It manufactures mono chlorophenols, namely para chlorophenol and ortho chlorophenol and di-chlorophenols, namely 2,4 Di-chlorophenol and 2,6 Di-chlorophenol. The chlorophenols it manufactures are used in agro-chemical, dyes and pharmaceutical industry as intermediates. The Company processes a range of chemicals, including Chlorination, Ammonolysis, Hydrogenation, N-Alkylation, Acetylation, Sulphonation and Condensation. Its products have applications in various industries, including agro chemicals, dyes, pigments, pharmaceutical, cosmetics, specialty chemicals, polymers, and veterinary. The Company operates a single location manufacturing facility at Sarigam Industrial Estate having an installed capacity of about 4,800 metric tons per annum. The Company also exports its products to Asia, Europe, and the United States.
VALN - Valiant Organics Ltd
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