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
Srei Infrastructure Finance Limited is an India-based infrastructure finance company. The Company is engaged in the business of financing of companies or of providing infrastructural facilities. Its operating segment includes include Financial Services. It has a portfolio in infrastructure sectors, such as transport, energy, water sanitation, communication, social and commercial infrastructure, among others. The Company business activities focused on infrastructure equipment services and project finance; fee-based, including project advisory, project development, investment banking, alternative investment funds and insurance broking, and strategic investments, including telecommunication infrastructure, transportation, rentals, rural information technology infrastructure, and special economic zone (SEZ) and industrial parks. The Company subsidiaries include Srei Capital Markets Limited and Srei Forex Limited.
SREI - Srei Infrastructure Finance Ltd
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