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
Adani Green Energy Limited (AGEL) is an India-based holding company. The Company is engaged in renewable power generation and other ancillary activities. The Company develops, builds, owns, operates, and maintains utility-scale grid-connected solar power, wind power, hybrid projects, and solar parks. It serves markets by the Company such as Local, State, and National with approximately 91 locations across States in India. The Company power projects are located in Gujarat Punjab, Rajasthan, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh. Its wind power plants are located across Madhya Pradesh and Gujarat. The Company, together with its subsidiaries, sells power generated from these projects under a combination of long-term power purchase agreements (PPA) and on a merchant basis.
ADNA - Adani Green Energy Ltd
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