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
Brookfield India Real Estate Trust REIT is an India-based institutionally managed real estate investment trust (REIT). The Company is primarily engaged in the business of developing and maintaining commercial real estate properties in India. The principal activity of Brookfield India REIT is to own and invest in rent or income generating real estate and related assets in India with the objective of producing stable and sustainable distributions to Unitholders. It has a portfolio of approximately 18.7 million square feet of five Grade-A campus-style work destinations. The Company’s assets include Candor TechSpace K1, Kolkata; Kensington, Downtown Powai, Mumbai; Candor TechSpace, Sector 21, Gurugram; Candor TechSpace, Rajarhat, Kolkata; Candor TechSpace, Sector 62, Noida and Candor TechSpace, Sector 135, Noida. The Company’s investment manager is Brookprop Management Services Private Limited.
BROF - Brookfield India Real Estate Trust REIT
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