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
Schneider Electric Infrastructure Limited is an India-based company engaged in the business of manufacturing, designing, building and servicing technologically advanced products and systems for electricity distribution, including products such as distribution transformers, medium voltage switchgear, medium and low voltage protection relays and electricity distribution and automation equipment. The Company’s product categories include transformers, equipment, components, ring main units, auto-reclosures, and automation. The Company offers distribution, medium power, and special transformers, and substation automation systems, including power management systems, controllers, remote terminal units (RTUs), communication elements, graphical user interfaces, engineering tools, simulation tools, and others. It also provides medium voltage distribution and grid automation products, such as Easergy T300, EasyPact EXE, Ecofit, and EcoStruxure grid.
SEIN - Schneider Electric Infrastructure Ltd
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