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
Keystone Realtors Limited is an India-based real estate developer company, which operates under the brand Rustomjee. The Company provides various residential buildings, premium gated estates, townships, corporate parks, retail spaces, schools, iconic landmarks and various other real estate projects. It offers one bedroom, hall, and kitchen (BHK), two BHK, three BHK, four BHK, and five BHK. It has 32 completed projects, 12 ongoing projects and 19 forthcoming projects across the Mumbai Metropolitan Region (MMR). Its properties include Rustomjee Erika, Rustomjee Uptown Urbania, Rustomjee Bella, Rustomjee Elements, Rustomjee Urbania, Rustomjee Paramount, Rustomjee Summit, Rustomjee Seasons, Rustomjee Global City, Rustomjee Yazarina III, Rustomjee Garden 6, Rustomjee Crown, and Rustomjee Central Park Business Spaces.
KEYS - Keystone Realtors Ltd
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