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
Yash Chemex Limited is an India-based company that offers fine and specialist chemicals used in various industries. The Company is engaged in the business of manufacturing and selling various types of Chemicals, Dyes, and Intermediates. The Company operates through the trading of chemicals. It is focused on basic chemicals such as Tobias Acid, Beta Nephthol, Sulpho Tobias Acid, J Acid, H Acid, Bon Acid, Cyanuric chloride, Melamine, Meta phenylene disulphonic acid, Meta uriedo aniline, Oleum acid, K acid, Orange h2r, Mono Methyl aniline, Re.Black b, and others. The Company serves industries such as the textile and garment industry, the water treatment industry, the laminate industry, agrochemicals, pharma, adhesives, the metal industry, and others.
YASC - Yash Chemex Ltd
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