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
Gujarat State Petronet Limited is an India-based company, which is primarily engaged in transmission of natural gas through pipeline on an open access basis from supply points to demand centers and then distribution to end customers. The Company also engaged in business of implementing and operating City Gas Distribution and generation of electricity through Windmills. It is engaged in developing energy transportation infrastructure and connecting natural gas supply sources, including liquefied natural gas (LNG) terminals to markets. The company transports gas to approximately 102 customers, including refineries, steel plants, fertilizer plants, petrochemical plants, power plants, glass industries, textiles, chemical, city gas distribution (CGD) companies and other miscellaneous industries.
GSPT - Gujarat State Petronet Ltd
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