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
Vivimed Labs Limited is an India-based company, which is primarily engaged in the business of active pharmaceuticals ingredients, contract development and manufacturing operations finished dosage formulation, specialty chemicals and retail branded formulation manufacturing. The Company has two segments: Speciality Chemicals Business and Pharma Business. It supplies niche molecules and formulations for healthcare, pharmaceuticals and specialty chemical consumers in nearly 50 countries. Its active ingredients are used in home and personal care products, such as hair, skin, oral care and anti-microbial preservatives. It also offers industrial care products, such as photo chromic dyes and imaging chemicals. Its presence in active pharmaceutical ingredients, finished dosage formulation (FDF) and retail branded formulation manufacturing, caters to the inner health of people. Within the FDF business, it provides contract manufacturing services and the manufacture of branded formulations.
VVMD - Vivimed Labs Ltd
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