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
Reliance Communications Limited is an India-based communications service provider. The Company is engaged in the business of providing telecommunications services. The Company’s businesses include India Data Center Business (IDC), National Long Distance Business (NLD) and International Long Distance Business (ILD). The Company provides wireline and wireless telecom services to the business and government segments. These include a comprehensive portfolio spanning network connectivity, cloud networking, data center services, enterprise voice, cloud telephony, access number services, collaboration services, wholesale voice & value-added service (VAS). The Company serves approximately 10,000 businesses of all sizes-from multinational conglomerates to small and mid-size enterprises (SMEs), such as banking, financial services and insurance (BFSI); manufacturing; logistics; healthcare; information technology (IT) and information technology-enabled services (ITeS); and over the top (OTT).
RLCM - Reliance Communications Ltd
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