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
Akash Infra-Projects Limited is an India-based engineering company. The Company is engaged into the business of civil construction and has undertaken various government contracts for construction of roads. It is primarily into the construction of roads, resurfacing, widening repairs of roads and minor bridges, and others. The Company primarily operates through civil construction segment. The Company is also into the business of hospitality segment, operating and managing hotel named Pathikashram at Gandhinagar. Its road contract projects include Drum Mix Plant including Filler unit with bag house filter, Concrete Batch Mix Plant, Mechanical Paver, Rollers, Bitumen Sprayers, Air Blower for cleaning, Excavators, Loader or JCB, Motor Graders, Welding Machine, trucks, Generator, Surface Vibrators, Light vehicles, tankers and other necessary equipment. It has also equipped the instrument like softing point, Tar Visco Meter, Specific Gravity, Weigh batcher, and Bottle Electronic weigh.
AKAS - Akash Infra-Projects Ltd
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