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
Shree Vasu Logistics Limited is a logistics and carrying and forwarding agent (C&FA) company in central India. The Company is engaged in warehouse renting and allied transporting business. It offers customized and end-to-end logistics solutions and services including transportation and distribution, warehousing, in-factory logistics and value-added services to its clients. It provides third-party logistics (3PL) solution services. It offers its services in various states, including Chhattisgarh, Orissa, West Bengal, Assam, and some part of Madhya Pradesh. It controls logistics process through its technology, which includes transport management system, vehicle management system, warehouse management system, order management system, document management system, compliant management system and track and trace mechanism, which have been integrated into one enterprise resource planning (ERP). Its clients include fast-moving consumer goods, lifestyle, imaging and medical equipment’s sectors.
SHEV - Shree Vasu Logistics Ltd
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