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
Shree Krishna Infrastructure Limited is an India-based company engaged in buying, taking on lease, large size of plots to provide roads, drains, water supply, electricity and lights and within such lands and plots to build residential houses and business premises and colonies; to carry on the business of financier and the hire purchase and hire sales and of commission agents arthias, and to acquire, purchase, hire or lease agricultural lands and to cultivate any crop or crops. The Company primarily focuses on the electric vehicle (EV) segment. It also focuses on the digital EV newspaper along with EV-segment digital platform. The Company’s projects include EV Vahan Digital Platform, EV Vahan Digital Newspaper, EV Segment, Terra Project, Distribution Project of E-Vehicles/Solar Vehicles, Agency (Sale, Marketing, Servicing) Of MNSA, Contract Farming and Export Business.
SREK - Shree Krishna Infrastructure Ltd
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