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
Jaiprakash Associates Limited is a diversified infrastructure company. The Company’s business activities include engineering and construction, manufacturing and marketing of cement, hotels and hospitality, real estate, and sports. Its segment includes Construction, Cement, Hotel / Hospitality, Sports Events, Real Estate, Power, and Investments. Its Construction segment includes civil engineering, construction/engineering, procurement, and construction, contracts/expressway. Its Cement segment includes manufacturing and sale of cement and clinker. Its Hotel/Hospitality segment includes hotels, resorts, and spas. Its Sports Events segment includes sports-related events. The Real Estate segment includes real estate development. Its Power segment includes generation and sale of energy. Its Investments segment includes investments in subsidiaries and joint ventures for cement, power, expressway, and sports, among others. It has operations in Haryana, Madhya Pradesh, Gujarat, and Jharkhand.
JAIA - Jaiprakash Associates Ltd
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