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
Vishnu Chemicals Limited is an India-based manufacturer of specialty chemicals. The Company’s products include chromium compounds and barium compounds. The Company manufactures chromium compounds, which include sodium dichromate, basic chromium sulphate, chromic acid, chrome oxide green, sodium sulfate, potassium dichromate. It also manufactures barium compounds which include industry-grade barium carbonate and precipitated barium sulphate. The Company caters to a range of industries, including pharmaceuticals, electroplating, ceramics and tiles, wood preservatives, pigments and dyes, refractories, plastic colors, and detergents, among others. It supplies to various countries, including Asia, China, Southeast Asia, Europe, United Kingdom, North, South and Central America and Africa, among others. Its subsidiaries include Vishnu Barium Private Limited and Vishnu South Africa (Pty) Limited.
VICH - Vishnu Chemicals Ltd
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