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
Ventura Textiles Limited is an India-based company that is engaged in the business of manufacturing of textiles consisting of fabric and yarn. The Company’s products include bed linen and yarn. The Company offers bed linen in dobby stripes, solids and percale varieties. The Company offers bed linen in high thread count (TC) sheets, including 400, 500, 600, 800, 1000 and 1200 TC. In addition, the Company offers bed linen with embellishments, designer stitching and embroideries. The Company offers open-end yarn in the count range of four strands (s) to 16 s. The Company also produces gray fabrics, including industrial canvas, duck fabrics, denims and drills. The Company offers its products in the United States, Canada, Europe and the Far East. The Company’s products are developed in-house at its spinning and weaving unit. The Company’s manufacturing plant is located in Nashik District, Maharashtra.
VTC - Ventura Textiles Ltd
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