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
Ridings Consulting Engineers India Limited is an India-based company, which is engaged in providing geospatial data generation and geographic information system (GIS) solutions for various industries. The Company provides a range of services in the field of underground survey, by using ground penetrating radar (GPR), Geospatial data creation services using remote sensing & satellite image, topographical surveying and engineering services and GIS Trunkey solutions both at national and international level. Its underground utility survey services include sub surface utility engineering (S.U.E.) survey/ ground-penetrating radar (G.P.R.) survey. G.P.R. is used for sub-surface utility investigations and concrete structure scanning. Its surveying/mapping services include bathymetric or hydrographic survey and GIS data conversion. Its photogrammetry services provide aerial triangulation, planimetric data collection, DEM and contour generation, mosaicking and orthophoto production.
RIDN - Ridings Consulting Engineers India Ltd
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