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
SWELECT Energy Systems Limited is an India-based company that is primarily engaged in the business of manufacturing and trading of solar power projects, off-grid solar photovoltaic modules, which is based on crystalline silicon technology (c-Si), solar and wind power generation. The Company is also engaged in contract manufacturing services, installation and maintenance services, sale of solar photovoltaic inverters and energy-efficient lighting systems. The Company’s segments include Solar Energy Systems / Services and Foundry. Its services include roof top installations, energy conservation and audits and site feasibility analysis. Its subsidiaries include Swelect Energy Systems Pte. Limited, Swelect Inc., Swelect Solar Energy Private Limited, Amex Alloys Private Limited, Noel Media & Advertising Private Limited, Swelect Green Energy Solutions Private Limited, K J Solar Systems Private Limited, Swelect Power Systems Private Limited and Swelect Sun Energy Private Limited.
SWEL - Swelect Energy Systems Ltd
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