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
IndInfravit Trust (the Trust) is an infrastructure investment trust. The Trust is formed to invest in infrastructure assets primarily being in the road sector in India. The Trust’s road projects are implemented and held by special purpose vehicles. It operates and maintains 17 build-operate-transfer (BOT) / annuity road assets across eight Indian states. The Trust’s projects include Devihalli Hassan Tollway Private Limited, Beawar Pali Pindwara Tollway Private Limited, Krishnagiri Walajahpet Tollway Private Limited, Bijapur Hungund Tollway Private Limited, Dhule Palesner Tollway Private Limited, and Hyderabad Yadgiri Tollway Private Limited. It also owns five operational road projects, such as Simhapuri Expressway Limited, Rayalaseema Expressway Private Limited, Mumbai Nasik Expressway Private Limited, Kosi Bridge Infrastructure Company Private Limited, and Gorakhpur Infrastructure Company Private Limited. LTIDPL IndvIT Services Limited is the investment manager of the Trust.
INNF - Indinfravit Trust
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