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
Lancer Container Lines Limited is an India-based logistics company. The Company provides integrated shipping and logistics solution. The Company is engaged in coastal water transport services of intermodal containers by container ship, and sale of second hand shipping containers. It provides logistic services, such as non-vessel operating common carrier (NVOCC), freight forwarding, container trading and leasing, and container yard. It provides project cargo, break bulk, and freight forwarding for both air and sea. It sells various types of shipping containers, cargo containers, storage containers and customized containers. It manufactures a range of portable prefabricated structures for construction sites, security purposes, factories, toll booths etc. Its freight services include project logistics, order management, logistics management and outsourcing, and heavy haulage services. It operates over 86 overseas ports and 36 Inland Container Depot (ICD) locations in India.
LANC - Lancer Container Lines Ltd
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