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
Suzlon Energy Limited is an India-based renewable energy solutions provider. The Company is engaged in the business of manufacturing of wind turbine generators (WTGs) and related components of various capacities. It operates in approximately 17 countries across Asia, Australia, Europe, Africa and the Americas. Its products include S144 Wind Turbine Generator, S133 Wind Turbine Generator and S120 Wind Turbine Generator. The S144 is extendable depending on the site’s wind conditions. These products offer hub heights up to 160 meters (m). The fleet delivers 40-43% higher generation over the S120. 10-12% higher generation over S133. The S133 is extendable up to 3.0 megawatts (MW) depending on the site’s wind conditions. The S120 2.1 MW is available in three variants with towers up to 140 m hub height. Its services include operations and maintenance services, leadership, optimization and digitalization, value-added services and products, and multi-brand operation and maintenance services.
SUZL - Suzlon Energy Ltd
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