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
Power and Instrumentation (Gujarat) Limited is an India-based contracting company. The Company is principal business activity is electric contractor and manufacturer. The Company is focused on providing the clients with complete turnkey solutions from concept to commissioning which includes design, procurement, installation, testing and commissioning and maintenance of the system. It provides power and instrumentation services, which includes power and distribution transformers, diesel generator (DG) sets, high tension (HT) and low tension (LT) power distribution panels, supervisory control, and data acquisition (SCADA) and building management systems, busducts and busways, cables and cable management system, internal/external/specialized lighting, and uninterrupted power supply system (UPS). The Company is also involved in bidding and executing the infrastructure building projects for government and semi-government endeavors.
POER - Power and Instrumentation (Gujarat) Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.