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
Gateway Distriparks Limited is an India-based integrated inter-modal logistics service provider. It has a network of over 10 Inland Container Depots and Container Freight Stations strategically located across the country, operating a fleet of 31 trainsets along with 500+ trailers for transportation between its facilities and maritime ports, as well as first and last mile connectivity to provide end to end solutions to the EXIM industry. The Company offers general and bonded warehousing, rail and road transportation, container handling services and other value-added services. The Company’s services include empty container handling; container repair; customized solutions for customers handling carious cargo; value added services, such as palletization and sheet wrapping, and others. Its domestic rail service includes factory-pickup of containers; transportation to destination by rail; warehousing; delivery at the destination and customized logistics solutions.
GATW - Gateway Distriparks Ltd
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