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
Shri Ram Switchgears Limited is an India-based company. The Company is engaged in engineering and manufacturing of transformers and full range of high tension (HT) & low tension (LT) switchgears, distribution boards, distribution boxes, control and relay panel, feeder pillars, air circuit breaker (ACB) boxes, single phase boxes, miniature circuit breaker (MCB) & molded case circuit breaker (MCCB) panels, junction boxes, alternating current (A.C) and direct current (D.C) boards and other related products. Its services include erection commissioning and installation service, transport of goods by road/goods transport agency service, renting of immovable property service, and works contract service. The Company also undertakes engineering, procurement and construction (EPC) contracts in the power transmission and distribution sector covering full range from design and engineering to testing and commissioning of electrical sub stations and transmission lines.
SRSW - Shri Ram Switchgears Ltd
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