Vippy Spin Pro Ltd








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Note on Purification and Zakat

  • 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

Vippy Spin Pro Limited is an India-based company engaged in the manufacturing of cotton yarn. The Company specializes in special purpose yarns, slub yarns, fancy yarns, multi count yarns and multi twist yarns, waxed yarn, and plied yarn, among others. It specializes in developing special yarns as per customers needs as well. Its products include 5.5s, 6s, 7’s, 8s, 10’s, 12’s, 14’s and 16’s, which are used for denim, terry towels, bottom-weight and home furnishing; 20s, 26s, 27s and 30s, which are used for bed linen, knitting and home furnishing; 6’s, 7’s and 10’s (Florescent Free (FF) and Star), which are used in making surgical cloth, artistic canvas, industrial fabric and sheeting, among others; 10’s Soft (Hosiery), which is used as a weft in flannel cloth for made-ups, and 2 to 5 Ply of 5’s to 10’s count, which are used for industrial fabrics, home textiles and furnishing, among others. The Company’s factory is situated at Dewas, Madhya Pradesh.