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
ACI Infocom Limited is an India-based company, which is engaged in business of construction and information technology (IT) business activities. The Company is primarily focusing on its opportunities in the real estate sector. The Company is targeting medium-small size projects, both in residential and commercial sector, redevelopment projects, slum rehabilitation authority (SRA) projects, construction contracts, and development projects.
ACII - ACI Infocom Ltd
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