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
Ritco Logistics Limited is an India-based company engaged in transportation activities. The Company provides a range of services, such as contract logistics, full truck load (FTL) transportation, warehousing and distribution, and fleet management. Its contract logistics services include warehouse management system, business-to-business (B2B) logistics management, free zone trans-shipment documentation, storage facilities, and others. Its FTL transportation offers various trucking solutions. It provides end-to-end warehousing and distribution logistics, from its network of storage facilities. As part of its warehousing solution, it offers end-to-end activities like assembly and kitting services, including sorting, stuffing, tagging, labeling, packaging, and others. It offers tech-enabled third-party logistics (3PL) services to a range of industries. It has various fleet centers all over India to deliver logistics services. The Company also offers aggregated logistics services.
RICT - Ritco Logistics Ltd
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