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
Wendt (India) Limited is a manufacturer of super abrasives, high precision grinding, honing, special purpose machines and high precision components. The Company operates through four segments: Super Abrasives, Machines, Accessories and Components, and Others. Its super abrasive products consist of diamond/cubic boron nitride (CBN) grinding wheels in various bonding systems, rotary dressers, stationary dressers, hones and segmented products. Its machines include grinding machines and honing machines. Its precision components include hardened and ground flanges. Its star range of products includes single point dressers, natural point diamond dressers, chisel type dressers, grit-impregnated dressers, cluster type dressers, multi-point indexable dressers, blade type dressers and others. Its allied products include machine refurbishing, accessories and equipment, surface finishing solutions and flaking. It serves various industries, including glass, steel, and aerospace.
WNDT - Wendt (India) Limited
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.