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
Kaushalya Infrastructure Development Corporation Limited is an India-based infrastructure company. The Company is primarily engaged in executing construction contracts relating to infrastructure, real estate developments, acquisition and development, and sale of land. The Company is also engaged in operating hotels. It operates through two segments: Construction and Hotel. The Company is engaged in three areas of infrastructure development: Kaushalya Nirman, which is involved in the creation of highways and industrial infrastructure; Kaushalya Gram, which is involved in electrification and irrigation of rural India, and Kaushalya Parivar, which is engaged in the construction of commercial and residential complexes. Its other projects include improvement and widening of Mirzapur – Kusumgram Road, Contai – Tajpur Road, Burdwan- Katwa Road, Erection of Transmission lines of Sargachi and Farakka and Construction and Maintenance of Ichagkhamar Road and Jhaldagola road to Hensahatu Road.
KAUS - Kaushalya Infrastructure Development Corporation Ltd
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