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
Worldwide Aluminium Limited is an India-based company, which is engaged in the trading of all kinds of aluminum foils, aluminum sheets, strips, coils, polypropylene (PP) caps and other. The Company’s main business activity is trading of aluminum coils and other related items in the aluminum industry. It offers two categories of products: industrial and household. The Company offers a range of aluminum sheets, which are available in various grades, alloys, and thickness. It also offers disposable food packing/consumption occasion products. Its Industry product include blister foils, pharma foils, aluminum sheets, aluminum coils, and closure stocks.
WORD - Worldwide Aluminium Limited
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