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
Landmark Property Development Company Limited is an India-based company that is primarily engaged in the business of real estate development. The Company also provides advisory services, consultancy, and real estate activities. It provides advisory services to overseas investors. The Company is also engaged in selling ready-to-move flats. It provides allotment of plots, flats in group housing / commercial property in the residential townships at Ghaziabad and at Karna.
LAND - Landmark Property Development Co Ltd
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