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
JITF Infralogistics Limited is an infrastructure development company. The Company is engaged in the business of development of urban infrastructure, water infrastructure, management of municipal solid waste and generation of energy from municipal solid waste. The Company’s segments include Rail freight wagon, Water Infrastructure, Urban Infrastructure and Trading Activities. The Rail freight wagon segment is engaged in manufacturing of railway freight wagons of different specifications. The Water Infrastructure segment is engaged in the development of water infrastructure. The Urban Infrastructure segment comprises of development of urban infrastructure. The Trading Activities segment is engaged in trading activity of steel. Its subsidiaries include JITF Urban Infrastructure Services Limited, Jindal Rail Infrastructure Limited, JITF Urban Infrastructure Limited, JITF ESIPL CETP (Sitarganj) Limited, JITF Industrial Infrastructure Development Company Limited and others.
JITF - JITF Infralogistics Ltd
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