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
VISA Steel Limited is an India-based company. The Company is engaged in the manufacturing of iron and steel products and high carbon ferro chrome with power plant in Odisha. It is in the business of manufacturing of Ferro Alloys. The Company has manufacturing assets for production of Ferro Alloys at Kalinganagar in Odisha. Its facilities includes five submerged arc furnaces with 3×25 megawatt (MW) power generating units. It offers high carbon ferro chrome for end use in stainless steel and special steel manufacturing. The Company’s subsidiaries include Kalinganagar Special Steel Private Limited (KSSPL), Kalinganagar Chrome Private Limited (KCPL), VISA Ferro Chrome Limited, and VISA Special Steel Limited.
VISA - Visa Steel Ltd
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