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
Nelco Limited is an India-based company. The Company is engaged in the business of providing systems and solutions in the areas of very small aperture terminal (VSAT) connectivity and integrated security and surveillance. The Company operates in one reportable segment, which is network systems consisting of SatCom Services (including equipment sale, maintenance, and other allied services). Its Network systems comprises sale of VSAT hardware and providing allied services consisting of network management, project management, infrastructure services, turnkey solutions for satellite communication systems, and co-location services to customers. The Company offers solutions to sectors, such as bank, oil and gas exploration, government, education, renewable energy, IFMC Services, and other sectors. The Company’s subsidiary includes Nelco Network Products Ltd. (NNPL).
NELC - Nelco Ltd
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