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
Jyoti Structures Limited is an India-based company, which is engaged in the business of manufacturing of transmission line towers, sub-station structures, tall antenna towers/masts and railway electrification structures. The Company is involved in the turnkey/engineering, procurement and construction projects involving survey, foundation, designing, fabrication, erection and stringing activities of extra high voltage transmission lines and procurement. The Company also supplies lattice and pipe type structures, civil works, erection, testing and commissioning of switchyard / substations and distribution networks, both in India and overseas. It provides solutions, such as transmission lines, substations switchyards, rural electrification and solar power. It has manufacturing plants at Nashik, Raipur and Dubai with a combined manufacturing capacity of approximately 215,000 MT of Transmission Line Towers. It also has an in-house Tower Testing facility at Ghoti, Igatpuri, India.
JYTS - Jyoti Structures Ltd
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