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
Jalan Transolutions (India) Limited is an India-based logistics services provider. The business of Company comprises of transportation services of sale of tires and tubes. The Company has its own fleets, which are specialized in providing transportation services to two-wheeler original equipment manufacturers (OEM’s). It has a fleet of approximately 400 owned trucks and networks. The Company also provides full truckload (FTL) and less than truckload (LTL) services. It has in-house truck service station- Jalan Business Centre located in Dharuhera, Haryana, having connectivity with approximately three national highways. Its services include on-road transportation, warehousing, and end-to-end solutions.
JALN - Jalan Transolutions (India) Ltd
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