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
ICSA (India) Limited is an India-based company that is primarily engaged in the business of rural electrification, construction of substations, conversion of low tension (LT) lines to high tension (HT) lines. The Company is engaged in the business of providing energy audit solutions to bring down transmission and distribution (T&D) losses by using its technologies for power distribution companies and also engaged in the business of development and maintenance of technology solutions, which includes embedded solutions and software for power, oil, gas and other sectors. The Company operates through three segments: Contracts and services, Embeded solutions and software services, and Power Generation. It has a total installed capacity of power stations in India that stood at approximately 315,426 megawatts (MW).
ICSA - ICSA (India) Ltd
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