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
GTL Infrastructure Limited is engaged in the business of passive infrastructure sharing, which is based on building, owning, operating and maintaining passive telecom infrastructure sites capable of hosting active network components of various technologies of multiple telecom operators, as well as providing energy management solutions. It offers telecom towers, which are shared by telecom operators in India. It enables the telecom networks with second-generation (2G), third generation (3G) and fourth generation (4G), through its approximately 26,000 telecom towers located across 22 telecom circles. The Company’s services offering includes Infrastructure Sharing and Energy Management. The Company enables telecom operators to host their active equipment at its sites by providing space in shelters. The Company delivers power on towers at predetermined costs to its customers. It utilizes energy sources and storage solutions through technology and skills.
GTLI - GTL Infrastructure Ltd
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