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
Karnimata Cold Storage Limited is an India-based company, which is engaged in cold storage business. The Company is engaged in the business of providing cold storage facility on rental basis and providing loans to traders and farmers. The Company’s cold storage facility is located in Medinipur district, West Bengal, which has a capacity of approximately 25,500 metric tons (MT) for preservation of potatoes.
KCSL - Karnimata Cold Storage Ltd
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