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
GFL Limited is an India-based holding company, which is engaged in operating and managing multiplexes and cinema theatres through its subsidiary. It mainly holds investment in associate and is also engaged in the business of distribution of investment products. The Company operates through Investments and allied activities segment. The Company’s businesses include industrial gases, refrigerants cylinders, cryogenic engineering, and entertainment. The Company’s subsidiaries include INOX Leisure Limited, and INOX Infrastructure Limited. Its INOX Leisure Limited is engaged in operating and managing multiplexes and cinema theatres in India. It operates in 73 cities throughout India. It has 163 properties with 692 screens and a total seating capacity of 1,55,218. Its INOX Infrastructure Limited is engaged in real estate and property development. In addition, the Company is actively involved in the business of mutual fund distribution.
GFLL - GFL Ltd
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