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
Yarn Syndicate Limited is an India-based company that is engaged in exporting and trading yarn and fabric and other activities. Its products portfolio includes yarn and fabrics. Its yarn products include cotton yarns, synthetic yarns, blended yarns, melange/heathers yarns, and others, which include linen yarns, modal yarns, jute fiber yarns, acrylic yarns and its blends with cotton and wool and bamboo yarn. Its cotton yarns include ring-spun, open-end, organic yarns, slub yarns and other specialized yarns. Its range of polyester filament yarn includes semi-dull raw white, semi-dull dope dyed, bright trilobal, full dull, cationic dyeable, fully drawn yarn (FDY), FDY-colored, twisted yarns and rayon. Its fabric products include knitted fabrics, which include single jersey, pique and interlock, and woven fabrics, which includes plain, twill, satin and sheetings. The Company exports its products are cotton yarn, polyester yarn, viscose yarn, polyester textured yarn, jute yarn, and others.
YSYN - Yarn Syndicate Ltd
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