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
Weizmann Limited is an India-based company engaged in textile processing and exports. The Company operates through the textile business segment. The Company’s primary focus is the African market. The product range for Africa includes Cotton Voiles, Pracale and African Prints. The Company has a composite textile processing and manufacturing facility, which is located at Vatva Road, Narol in Ahmedabad. The Company’s textile process involves the procurement of grey cloth, grey fabric inspection, bleaching and mercerizing, dyeing, printing, fixation, washing, finishing and calendaring, finished product inspection, packing, and dispatch. Its associate is Windia Infrastructure Finance Limited.
WEIZ - Weizmann Limited
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