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
IVRCL Limited is an India-based company engaged in the business of development and execution of engineering, procurement, and construction (EPC) facilities in various infrastructure projects. The Company provides construction and civil engineering services. The Company’s business units include water and environmental projects, transportation, buildings and industrial structures, power transmission projects, mining, overseas forays, and technical services and solutions. The Company’s water and environmental projects include drinking water supply schemes, irrigation projects, hydropower, industrial water, desalination and sewage systems. Its buildings and industrial structures include townships, commercial buildings, institutional buildings, hospital buildings and metros. The Company’s power transmission projects include transmission lines, substations, distribution lines and rural electrification.
IVRC - IVRCL Ltd
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