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
Vaxtex Cotfab Limited is an India-based textile manufacturing company. The Company operates through the Garments and Apparel segment. The Company is primarily engaged in the manufacturing and processing of fabrics of shirting and suiting. The Company offers products, such as denim fabric, home textiles, jeans, men’s casual shirts, printed fabric and yarn. It also provides various types of fabric poplin, oxford, twill, corduroy, satin and dobby. The Company’s fabric compositions include cotton, polyester, viscose, linen, lycra, synthetic, seafoam, silk and wool. Its dyeing includes dispersing dyeing, reactive dyeing, sulfur dyeing, vat dyeing, double dyeing and pigment dyeing, among others. The Company offers various styles of finishing, including silicon finish, soft finish, hard finish, peach finish, lize finish and wet finish.
VATX - Vaxtex Cotfab Ltd
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