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
Jaypee Infratech Limited is an India-based company, which is engaged in the development and construction of real estate, mainly comprising residential, commercial, expressway and institutional buildings. The Company comprises only one segment, which is Yamuna Expressway Project. The project inter-alia includes construction of an approximately 165 kilometers (km) long six-lane access-controlled expressway from Greater Noida to Agra with provision for expansion to eight-lane with service roads and associated structures on a build, own, operate and transfer basis. The Concession provides for operation and maintenance of Yamuna Expressway for 36 years, collection of tolls and the rights for development of 25 million square meters of land for residential, commercial, institutional, amusement and industrial purposes on five land parcels along the expressway. The Company’s wholly owned subsidiary is Jaypee Healthcare Limited (JHCL).
JYPE - Jaypee Infratech Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.