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
Visaka Industries Limited is an India-based company, which is engaged in the business of manufacture of cement fiber sheets, fiber cement boards and panels, solar panels and synthetic yarn. The Company operates in two segments: Building products and Synthetic Yarn. The Building products segment produces asbestos sheets, solar panels, accessories used as roofing material and non-asbestos flat sheets and sandwich panels used as interiors. The Synthetic Yarn segment manufactures Yarn out of blends of polyester, viscose, other materials which go into the weaving of fabric. It manufactures integrated solar panels with a cement base. It also manufactures and supplies The Wonder Yarn, a human-made spool that has carved a niche for various fabric applications across garments, apparels, furnishings, automotive fabrics, and other technical textiles. Its Vnext Board, Vnext Premium, and Vnext Premium Plank are used for varied applications, such as drywalls, partitions, and roof underlay.
VSKI - Visaka Industries Ltd
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