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
Shaival Reality Limited is an India-based company that is engaged in the business of construction. The Company’s segments include Construction and Renting. The Construction segment is engaged in the construction of residential houses under government approved schemes. The Renting segment is engaged in the renting of immovable property for commercial purposes. The Company has projects in various cities of Gujarat, such as Anand, Dahod, Bharuch and Deesa.
SAIV - Shaival Reality Ltd
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