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
Ortel Communications Limited is an India-based regional multiple system operator (MSO). The Company provides digital cable television (CATV) and broadband services. It is focused in the Indian states of Odisha and Andhra Pradesh/Telangana. The Company has built a state-of-art two-way communication network for Triple Play services, including video, data and voice capabilities, which has hybrid fiber-coax (HFC) network with control over the Last Mile. The Company operates through five businesses: cable television services comprising of digital cable television services, including other value-added services, such as (high definition) HD services, near-video on demand, gaming and local content; broadband services; fiber to the home (FTTH) Internet services; Leasing of fiber infrastructure; and signal up linking services. It has legal Rights of Way for laying network cable and capable of providing broadband at speed of up to approximately 100 megabits per second through use of cable modem.
ORTE - Ortel Communications Ltd
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