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
Tijaria Polypipes Limited is an India-based company which deals with plastic and related materials. The Company operates through two segments: Plastic and Textile. The Plastic segment includes high-density polyethylene (HDPE), polyvinyl chloride (PVC) pipe and irrigation systems. The Textiles segment provides mink blankets. In the Plastic division, the main products of the Company are HDPE pipes, sprinkler irrigation system, drip-irrigation system, mini sprinkler system, green house, micro irrigation, uPVC pipes, soil, waste and rainwater (SWR) pipes & fittings, electrical uPVC conduit pipes & fittings, PLB ducts, DWC PIPES and uPVC casing pipes. In the Textile division, the main product is mink blankets and masks. The Plastic division runs under the brand names of Tijaria and Vikas. The Company’s plant is located in Jaipur, Rajasthan.
TIJA - Tijaria Polypipes Ltd
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