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
Orissa Bengal Carrier Limited is an India-based company, which is engaged in the transportation and logistics business. The Company provides various types of services, including full truck load transport services, parcel, and part truck load services/less than truck load (LTL). It offers shipments for local, regional, and nation wide cargoes. It provides services to various sectors, construction, mining and minerals, iron, and steel, chemical and fertilizers, heavy engineering and engineering, procurement, and construction (EPC), fast-moving consumer goods (FMCG), oil and gas, beverages, and white goods. The Company maintains its own fleet containing 70 commercial vehicles which includes trucks and trailers. Its distribution network has 40 branches spread in various parts of India and providing services across all cities of India.
ORIB - Orissa Bengal Carrier Ltd
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