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
IL&FS Engineering and Construction Company Limited is an India-based company engaged in the construction and infrastructure development. The Company is involved in the business of erection/construction of roads, irrigation projects, buildings, oil and gas infrastructure, railway infrastructure, power plants, power transmission and distribution lines including rural electrification and development of ports. Its geographical segments include India and Rest of world. The Company’s services include development of infrastructure projects, construction of infrastructure projects and project management. Its range of constructions includes residential buildings, commercial buildings, industrial structures, and hospital buildings. It is also engaged in the construction of airports, seaports, rail and rail-based systems, oil and gas-pipelines, refineries and Petro chemicals, water and water treatment, and power generation, transmission, and distribution.
ILFE - IL&FS Engineering and Construction Company Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.