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
V-Marc India Limited is an India-based company, which is engaged in manufacturing and marketing of electrical wires and cables under the brand name, V-Marc. The Company manufactures a range of wires and cables such as flame retardant (FR) multistrand cables, lead free flame retardant low smoke multistrand cables, zero halogen flame retardant (ZHFR) multistrand cables, cross-linked polyethylene (XLPE) polyvinyl chloride (PVC) 3 core flat cables, closed-circuit television cables (CCTV) cables, local area network (LAN) cables, coaxial cables, telephone switchboard cables, low tension (LT) XLPE aerial bunched cables, high tension (HT) cables, LT PVC armored & unarmored power and control cables, single & multicore copper cables, and single & multicore aluminum cables. It serves customers sectors such as central and state government, public sectors, private sector, state electricity boards, and power utilities sector.
VMAC - V-Marc India Ltd
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