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
Yashraj Containeurs Limited is an India-based company, which is engaged in the business of manufacturing of barrels and trading of cold-rolled close annealed (CRCA) coils. The Company is primarily engaged in the business of manufacturing drums and barrels. The Company manufactures metal barrels of approximately 180-235 liters capacity. The Company’s products include open-top drums, composite drums, epoxy coated / lacquer lined drums and close-top drums. Its open-top drums has a completely removable top, which is used to store solids and semi solids. Its composite drums consist of mild steel (MS) drum line with high density polyethylene drums. Its lacquer-lined drums are used for filling of corrosive and hazardous chemicals and specialty chemicals. It has food grade coatings, non-food grade coatings, opaque and transparent epoxy coatings. Its close-top-drums has double-seamed ends with body used for filling liquid and semi-liquid products.
YASH - Yashraj Containeurs Ltd
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