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
Nu Tek India Limited is an India-based telecom infrastructure services company. It provides rollout solutions for wireless and fixed telecom networks. Its segments include Projects and Trading. Its business offerings include services in turnkey site build, active equipment implementations, technical support services and operations and maintenance. In turnkey site build, it provides services right from the site identification and designing to installation of towers and other ancillary passive equipment’s. In active equipment implementations, it provides services, such as installation, commissioning and integration of active telecom equipment for wireless, wireline and optical technologies. In technical support services, it provides services in telecom engineering that include network planning, transmission planning, radio network optimization, networks benchmarking, and network auditing. In operations and maintenance, it provides maintenance services for telecom infrastructure.
NUTK - Nu Tek India Ltd
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