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
Excel Realty N Infra Limited is an India-based company that is primarily engaged in engaged in the business of information technology (IT) enabled business process outsourcing (BPO) services, development of infrastructure facility and general trading. The Company operates through three segments: Infrastructure, BPO / IT enabled services and general trading segment. The IT/BPO segment is engaged in the business of providing customer care services and handling the business relations of clients on their behalf by maintaining relations with their consumers and providing them service by assisting them in managing their workflow and updating their records. BPO/IT enabled services segment provides inbound and outbound services to its clients. Its ongoing process projects include removing loose fragments of rock from the blasted face of the tunnel to dumping yard and evection in hard rock in Sump at Dr. B. R. Ambedkar Pranahitha Sujata Sravanthi situated at Hyderabad.
EXCE - Excel Realty N Infra Ltd
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