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
VIP Gloves Ltd is a Malaysia-based company, which is engaged in the production of Nitrile gloves. The Company and its subsidiaries are engaged in manufacturing nitrile disposable gloves from a plant located in Selangor, Malaysia. Its subsidiaries include VIP Glove Sdn Bhd (VIP Glove) and KLE Products Sdn Bhd (KLE). VIP Glove Sdn Bhd is focused on manufacturing nitrile gloves. Its nitrile gloves are used in a broad spectrum of industries, such as medical, health, dental and numerous other industrial and commercial sectors. The Company produces and supplies gloves on an original equipment manufacturer (OEM) basis. KLE Products Sdn. Bhd. is a Malaysian manufacturer of conveyor chain systems and components that service the rubber glove manufacturing industry. KLE manufactures a range of roller conveyor chains and former holder sets according to customer specifications. KLE supplies various glove manufacturers in Malaysia and overseas with its product set.
VIP - VIP Gloves Ltd
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