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
S.S. Infrastructure Development Consultants Limited is an India-based consultancy provider in the field of architectural and engineering services to government departments and public and private sector undertakings. The Company offers consultancy services for the development of various infrastructure facilities which involve development of various types of buildings along the shore. The projects include warehouses, various technical buildings, office buildings, process design and bridges. It also offers principal engineering consultancy services for the marine structures like wharfs and jetties. The Company provides designing facilities, which includes explosive storage buildings, blast resistant structures, tunnels, underground storage facilities etcetera.
SSFR - S S Infrastructure Development Consultants Ltd
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