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
Indian Railway Catering and Tourism Corporation Limited is engaged in providing online railway tickets, catering services to railways and packaged drinking water at railway stations and trains in India. The Company’s segments include Catering, Rail Neer, Internet Ticketing, Tourism and State Teertha. Its catering services include mobile catering services, e-catering services and static catering services. It offers static catering through food plaza, fast food units, refreshment rooms, jan aahar, base kitchens and other facilities at station premises, executive lounge, and retiring rooms and dormitories. Rail Neer is the Company’s branded bottled drinking water. It operates approximately 16 Rail Neer plants, with four in-house manufacturing units and 12 under the public-private partnership (PPP) model. Its rail tour packages offer confirmed berths to passengers and all-inclusive services, such as road transportation, accommodation, sightseeing and accidental insurance, among others.
INIR - Indian Railway Catering and Tourism Corporation Ltd
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