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
Indosolar Limited is an India-based company, which is engaged in manufacturing solar photovoltaic (PV) cells and modules. It operates through the manufacturing of solar cells segment. The Company’s PV cells include SONA SERIES (Multi-crystalline Cells) and SAPPHIRE SERIES (Mono-crystalline Cells). The Company’s solar modules include ISL SONA SERIES (Multi-crystalline modules) and ISL SAPPHIRE SERIES (Mono-crystalline modules). It provides PV modules for residential, commercial and utility-scale installations. The Company’s super solar solutions include residential rooftop systems for home consumers; solar street lighting solutions; engineering, design and construction for grid- connected commercial and industrial solutions, and turnkey utility-scale installation services. Its global footprint expands to approximately 30 countries across Europe, the United States, the Middle East and Asia.
INDL - Indosolar Ltd
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