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
ZF Steering Gear (India) Limited is an India-based company, which is engaged in manufacturing and supplying of integral hydraulic power steering systems in India. The Company is engaged in the business of production and assembling of steering systems for vehicles, buses and tractors. The Company operates through two segments: Auto component, and Renewable energy. Auto component is engaged in auto component manufacturing. Renewable energy is related to electricity generation through solar and windmills. The Company’s product range includes steering systems, vane pumps, pump pulleys, oil reservoirs, steering and pump mounting brackets, steering columns, intermediate shafts, universal joints, bevel gear boxes and power steering oil dexron II. The Company’s plants are located at Vadu Budruk, near Pune and at Pithampur (Madhya Pradesh) for production and assembling of steering systems and accessories. The Company also runs wind power projects.
ZFST - Z F Steering Gear (India) Ltd
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.