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
Bharati Defence and Infrastructure Limited is an India-based company that is primarily engaged in the business of predesign, ship building, ship repair and rig construction. The Company’s product portfolio evolved from small-sized vessels and tugs to sophisticated offshore vessels, such as Platform Support Vessels (PSVs), Anchor Handling Support Vessels (AHTSVs), Offshore Support Vessels (OSVs), jack-up rigs, midsized LNG propelled vessels and smaller defense vessels. It is also engaged in the business of design and construction of various types of sea going, coastal, harbor, inland crafts and vessels. Its product range includes cargo barges, dredgers, power-packed ocean-going tractor tugs, cargo ships and others. It also constructs specialized, sophisticated vessels for exploration and production (E&P) companies, coastal and the marine market sectors. It has shipbuilding and fabrication facilities in Dabhol, Ratnagiri, Goa, Mangalore, Chennai and Kolkata.
BHAR - Bharati Defence and Infrastructure Ltd
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