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
Hubtown Limited is an India-based real estate development company. The Company is engaged in the real estate business of construction and development of residential and commercial premises, build operate transfer (BOT) projects. Its portfolio spans across high-end residential developments, built-to-suit office spaces and information technology (IT) parks. The Company’s residential projects include Hubtown Premiere Residencies, Hubtown Seasons, Hubtown Vedant, Hubtown Rising City, Hubtown Harmony, Hubtown Celeste, Hubtown Sunstone, Hubtown Hillcrest, Hubtown Akruti Erica, Hubtown Countrywoods, Hubtown Gardenia, Hubtown Palmrose, and Hubtown Sunmist. Its commercial projects include Akruti Trade Center, Hubtown Solaris, Hubtown Rhythm, Hubtown Northstar, Hubtown Joyos, Ackruti Centre Point, Akruti Business Port, Hubtown Viva, Hubtown Skybay, Hubtown Geeta Mandir, DLF Ackruti Info Parks, Akruti Softech Park, and Akruti Softech Park.
HUBT - Hubtown Ltd
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