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
Surana Solar Limited is an India-based conglomerate company, which is involved in the areas of solar and wind power, telecommunications, metal processing, and infrastructure. The Company is engaged in the business of manufacturing of solar photovoltaic (SPV) modules, generation of wind and solar power energy, and trading of other solar related products. The Company is also into engineering, procurement and construction (EPC) of power projects on turnkey basis on megawatt (MW) scale. The Company has two segments. Solar Products segment is engaged in manufacturing and trading of SPV modules. Wind Power segment is engaged in generation of wind power and solar power energy. It has four Grid Connected Solar Power Plants commissioned in Gujarat and Telangana of five MW each. The Company’s products offering includes photovoltaic (PV) modules, solar lighting and solar lanterns. Its projects include Charnaka Solar Park; Munnipally, Medak DT.; Shankapur, Medak DT.; and Pedumental, RR Dist.
SURN - Surana Solar Ltd
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