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
Hindustan Construction Company Limited is engaged in providing engineering and construction services. The Company, through its subsidiaries, is principally engaged in the business of providing engineering and construction services, real estate, and infrastructure. Its business areas include transportation, power, water, and buildings and industrial projects. Its transportation projects include construction of roads, highways, expressways, bridges, elevated corridors, railways, metro rails, ports and marine structures. Its power projects include construction of dams, barrages, tunnels, powerhouses, auxiliary buildings, spent fuel buildings, safety pump houses, control buildings and others. It provides turnkey construction solutions for hydro power projects, including design and detailed engineering, procurement, civil-hydro electrical-electromechanical works, as well as control and instrumentation works. It offers constructing the complete range of thermal power plant components.
HCNS - Hindustan Construction Company Ltd
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