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
Voltamp Transformers Limited is an India-based company, which is engaged in the manufacturing of electrical transformers. The Company’s products include oil filled transformers, cast resin transformers, unitized sub-stations, induction furnace transformers, and lighting transformers. The Company’s service centers are situated in Delhi, Chandigarh, Mumbai, Pune, Raipur, Nagpur, Chennai, Bangalore, Secunderabad, Kolkata and Bhubaneshwar. The Company’s facility to manufacture oil filled power and distribution transformers up to 160 mega volt-ampere (MVA), 220 kilovolt (kV) class, resin impregnated dry type transformers up to five MVA, 11KV Class (in technical collaboration with mora, Germany) and cast resin dry type transformers up to 12.5 MVA, 33 KV Class (in technical collaboration with, Germany). The Company has its manufacturing plants located at Makarpura, Vadodara and at Savli, District Vadodara. It has a business presence in India and outside India.
VOTL - Voltamp Transformers Ltd
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