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 Transportation Networks Limited is an India-based company, which is engaged in the transport infrastructure sector. The Company undertakes metro rail, city bus services and border check-posts projects. It also involved in the development and implementation of important highways, flyovers, bridges, and roads. The Company’s completed projects include Khed-Sinnar section of NH-50, Kharagpur Baleshwar, CHAIBASA-KANDRA-CHOWKA, Thiruvananthapuram City Roads (Phase III), North Karnataka Expressway, Vadodara Halol Toll Road, Ahmedabad Mehsana Toll Road, West Gujarat Expressway, Thiruvananthapuram City Roads (Phase I), Rawatsar-Nohar-Bhadra and others. Its urban transportation projects include Development of Metro Link from Delhi Metro Sikanderpur station to NH-8 in Gurgaon, Development of Metro Link from Sikanderpur station to Sec-56 in Gurgaon, Automated Car Park, MP Border Check post, Nagpur City Bus Project, and Gurgaon Metro Rail Link.
ILFT - IL&FS Transportation Networks Ltd
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