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
GPT Infraprojects Limited is an India-based company that is principally engaged in construction activities for infrastructure projects. The Company is also engaged in the concrete sleeper manufacturing business. The Company specializes in turnkey construction projects for railway bridges, riverine bridges on deep-pile or pile foundations, heavy-duty concrete pavements for airports and elevated metro and light rail systems. Its segments include Infrastructure and Concrete Sleeper. The Infrastructure segment consists of execution of construction contracts and other infrastructure activities. The Concrete Sleepers segment consists of manufacturing concrete sleepers. The Company’s concrete sleeper operations are spread across four countries, namely India, South Africa, Namibia, and Ghana. The Company’s manufacturing units are located in Panagarh (West Bengal), Ladysmith (South Africa) and Tsumeb (Namibia). It is also involved in construction of railway sidings and merry-go-round railways.
GPTI - GPT Infraprojects Ltd
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