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
Mercantile Ports & Logistics Limited develops, owns, and operates port and logistics facilities. The Company is implementing its project of developing a modern port and logistics facility at Karanja Creek in the Raigad District of Maharashtra. The port is being developed over 200 acres of land with a sea frontage of approximately 1,000 meters at Karanja Creek. The multi-purpose terminal is designed to accommodate a variety of cargoes, including containers, bulk, break-bulk cargo, and roll-on/roll/off (Ro-Ro). The terminal is comprised of about 800 meters of quay, utilizing both sides of a 400-meter jetty, which is serviced by multipurpose cranes, and about 200-acre back-up area for cargo storage and a modern logistics facility. The Karanja Terminal also focuses on housing a logistics complex spread over approximately 100 acres of land. The facility comprises logistic and warehousing facilities for storage of cargo, including cold and bonded storage and value-add services.
MPL - Mercantile Ports & Logistics Ltd
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