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
Shreyas Shipping and Logistics Limited is an India-based vessel owning company. The Company is engaged in the operation of giving vessels on time charter. The Company has Shipping as its single reportable segment. The Company’s business activity includes sea and coastal freight water transport. It serves Indian as well as international markets. The Company’s fleets include SSL Thamirabarani, SSL Kaveri, SSL Godavari, SSL Gujarat, SSL Krishna, SSL Visakhapatnam, SSL Mumbai, SSL Delhi, SSL Sabarimalai, SSL Brahmaputra and SSL Bharat. The Company’s dry bulk carriers include TBC Kailash and TBC Badrinath.
SRSH - Shreyas Shipping and Logistics Ltd
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