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
Banka BioLoo Limited is an India-based company engaged in developing water, sanitation, and hygiene infrastructure and services across the nation. The Company is engaged in the business of manufacture, supply and installation of bio-toilets and operation and maintenance (O&M) of bio-toilets in trains (Indian Railways), commissioning of fecal sludge treatment plants (FSTP) and packaged sewage treatment plants (PSTP, as also providing STP as a service (SaaS). The Company’s products include Bio-Digester, Bio-Toilets, FootLoo, Pluto, Urban STP, Banka Labs and Banka O&M. Its Bio-digester technology is used to decompose biological waste generated by humans. It degrades human waste into usable water and gases, and the generated biogas is utilized for heating and cooking. The water recycled is used for gardening and irrigation purposes.
BAKN - Banka BioLoo Ltd
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