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
Oriental InfraTrust (the Trust) is an India-based infrastructure investment trust (InvIT). The Trust has a portfolio of five road assets in the states of Maharashtra, Madhya Pradesh, Uttar Pradesh and Karnataka. Its investment objectives are to carry on the activity of an InvIT to raise resources, directly, through the Trust or indirectly, through the project entities; to acquire, hold, manage, invest in, transfer or sell the project special purpose vehicles (SPVs); to raise funds in accordance with the InvIT documents and applicable law for the purpose of attaining the object and purpose of the Trust; to make investments and distributions in accordance with the InvIT documents and applicable law; to do all other things necessary and conducive to the attainment of the investment objective of the Trust, and to not carry on any principal business or trade, other than those permitted under the InvIT documents. OIT Infrastructure Management Limited is the investment manager of the Trust.
ORII - Oriental InfraTrust
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