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
Virat Industries Limited is an India-based manufacturer and exporter of dress and sport socks for men, ladies and children. The Company also manufactures football socks for various clubs in Europe. Its socks are manufactured in cotton, cotton/viscose, wool, acrylic, wool/cashmere, wool/silk, and cotton/silk. It specializes in 100% Cotton, Cotton Nylon Lycra, Link Link and Casual 96N Socks in Rib, Link and Jacquard types. Its socks for men include fashion socks, dress socks, city socks, casual socks, trainer socks, technical socks, sports socks and others. Its socks for women include fashion socks, knee high socks and trainer socks. The Company’s single cylinder machines produce, jacquard, plain, fillet, motif and embroidery. The Company’s double cylinder machines produce socks in plain rib, rib link, link and jacquard. The Company is also a children sock exporter in India. The socks of the Company are exported to Switzerland, United Kingdom and Gulf countries.
VIRI - Virat Industries Ltd
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.