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
Vardhman Textiles Limited is an India-based vertically integrated textile manufacturer. The Company is in the business of manufacturing, purchase, and sale of textiles. It is engaged in manufacturing of cotton yarn, synthetic yarn, and woven fabric. Its businesses include yarns, fabrics, acrylic fiber, garments, collections, and special steel. Its yarn portfolio includes specialty yarns, acrylic, fancy and hand-knit yarns, dyed yarns, and grey yarns. Its fabric portfolio includes tops, bottoms and outer wear for men and women, solids, yarn-dyed, print, dobies and various performance finishes. Its garment portfolio includes 100% cotton, poly cotton, cotton stretch or cotton lycra, linen, cotton Tencel, Cotton viscose, and Melange. The Company produces 2,40,000 metric tons of yarn and 220 million meters of woven fabric. It produces a variety of steels in terms of type and size. The product range includes rounds, squares, and peeled/drawn center-less ground bars of carbon steel.
VART - Vardhman Textiles Ltd
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