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 Investment Managers Limited is an India-based private equity fund management company. The Company operates through its Asset Management and other related services segment. It provides investment management/ advisory services to various funds. The Company serves a range of sectors, such as telecommunication, city gas distribution, shipyards, retail and media. The Company focuses on verticals, which include private equity, real estate, infrastructure and infrastructure investment trusts. The Company’s subsidiaries include IL&FS Asian Infrastructure Managers Limited, IL&FS Urban Infrastructure Managers Limited, IIML Asset Advisors Limited, Andhra Pradesh Urban Infrastructure Asset Management Limited, IL&FS Infra Asset Management Limited, IL&FS AMC Trustee Limited, IL&FS Investment Advisors LLC and IIML Fund Managers (Singapore) Pte Ltd.
ILFS - IL & FS Investment Managers Ltd
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