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
Sanghvi Movers Limited is an India-based company, which is engaged in the business of providing cranes on rental basis to private and public sector undertakings. The Company also offers integrated solutions for engineering, infrastructure, procurement, installation, and commissioning on a turnkey basis. The Company has a fleet of approximately 400 plus medium to large-sized heavy-duty telescopic and crawler cranes ranging from 20 to 1000 metric tons (MT) across 130 plus operational job sites in India. Its fleet is primarily catered for the construction of various industrial plants like power, steel, cement, fertilizers, petrochemicals and refineries, metros (underground as well as elevated) and windmill sector. It also has a fleet of more than 95 High Bed Trailers and 64 multi-axle lines which are being used for the movement of its crane and crane parts from one location to another. It has a PAN India presence with its depot network spread across all over India in more than 10 states.
SNGM - Sanghvi Movers Ltd
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