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
IRB InvIT Fund is an India-based infrastructure investment trust. The Trust owns, operates and maintains a portfolio of toll road concessions, and is managing five operational road assets in the Indian states of Maharashtra, Rajasthan, Karnataka, Tamil Nadu and Punjab. Its projects include Surat-Dahisar NH 8 Project, Tumkur-Chitradurga NH 4 Project, Bharuch-Surat NH 8 Project, Jaipur-Deoli NH 12 Project, Omalur-Salem-Namakkal NH 7 Project, Talegaon-Amravati NH 6 Project and Pathankot-Amritsar NH 15 Project. Its road projects are implemented and held through special purpose vehicles. Its investment manager is IRB Infrastructure Private Limited. Its subsidiaries include IRB Surat Dahisar Tollway Limited (ISDTL), IRB Jaipur Deoli Tollway Limited (IJDTL), IDAA Infrastructure Limited (IDAAIL), IRB Pathankot Amritsar Toll Road Limited (IPATRL), IRB Talegaon Amravati Tollway Limited (ITATL), IRB Tumkur Chitradurga Tollway Limited (ITCTL), and M.V.R. Infrastructure & Tollways Limited (MITL).
IRBN - IRB InvIT Fund
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