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
Valhi, Inc. is a holding company. It operates through its subsidiaries, including NL Industries, Inc., Kronos Worldwide, Inc. (Kronos), CompX International Inc. (CompX), Basic Management, Inc. (BMI) and The LandWell Company (LandWell). Its segments include Chemicals, Component Products and Real Estate Management and Development. Its Chemicals Segment is operated through Kronos. Kronos is a global producer and marketer of titanium dioxide pigments (TiO2). Its Component Products segment is operated through CompX. CompX is a manufacturer of security products used in postal, recreational transportation, office and institutional furniture, cabinetry, tool storage, healthcare and a variety of other industries. Its Real Estate Management and Development segment is operated through BMI and LandWell. BMI provides utility services to certain industrial and municipal customers. LandWell is engaged in the development of certain land holdings for commercial, industrial and residential purposes.
VHI - Valhi Inc
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.