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
VST Tillers Tractors Limited is an India-based company, which is engaged in the manufacturing of agricultural machinery. The Company manufactures power tiller and tractor. The Company also manufactures and deals with tractors, tillers, diesel engines, harvesters, reapers, binders, transplanters/ planters, trench cutters, front end loaders, and all kinds of the allied agricultural, plantation, and horticultural machinery, including attachments, components, accessories, spares implement, and other equipment’s required for the satisfactory functioning of the agricultural equipment. The Company’s products include power tiller, tractor and diesel engines. The Company offers VST Shakti VS-4PR(n) Power Reaper and VST Yanji Shakti 8 Row Paddy Transplanter. It offers a range of engines that include K3C Engine, V3D Engine, 130DI Engine, and VWH 120 Engine.
VST - VST Tillers Tractors Ltd
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