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
Likhitha Infrastructure Limited is an India-based oil & gas pipeline infrastructure service provider. The Company is focused on laying pipeline networks along with the construction of associated facilities and providing operations & maintenance services to the oil and gas companies in India. The Company is engaged in the business of pipeline laying providing erection, testing and commissioning of oil & gas pipelines, city gas distribution projects and operation and maintenance (O&M) services. Its operation includes three principal business lines: cross country pipelines and associated facilities, city gas distribution including compressed natural gas (CNG) stations and operation & maintenance of PNG/PNG services. Cross country pipelines and associated facilities includes Oil and Gas Pipeline laying along with construction of associated facilities which comprises of providing fabrication, erection, installation, testing and commissioning of the underground pipelines.
LIKI - Likhitha Infrastructure Ltd
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