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
Industrial Investment Trust Limited is an India-based non-banking financial holding company. The Company, through its subsidiaries, is engaged in investment in equity shares quoted as well as unquoted, units of mutual funds, fixed deposits with renowned banks, inter-corporate deposits and loans to its group companies. The Company’s segments include investment activity, real estate, investment brokerage services and others. The Company also undertakes activities such as private equity and margin funding and holds prime properties. The Company’s subsidiaries include IITL Projects Limited (IITLPL), IITL Management and Consultancy Private Limited, IITL Corporate Insurance Services Private Limited and IITL Marketing Management Private Limited. IITLPL is engaged in real estate business, construction of residential complexes in the National Capital Region (NCR). IITLPL has also undertaken projects through a Special Purpose Vehicle (SPV) and private limited company.
INDI - Industrial Investment Trust Ltd
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