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
Nagreeka Capital & Infrastructure Limited is an India-based non-banking financial company. The Company is engaged in the business of trading in shares and securities, derivatives, and others. The Company operates through the investment segment. The Company is primarily engaged in the business of acquisition / sale of shares, stock, bonds, among others. The Company’s business includes investment in shares, securities, and units of mutual funds. The Company conducts its business in one geographical segment, India. The Company handles a portfolio that comprises investments in equity markets, private equity, mutual funds, real estate, and renewable energy.
NCIL - Nagreeka Capital & Infrastructure Ltd
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