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
Tarapur Transformers Limited is an India-based power engineering solutions company. The Company is engaged in the manufacturing and repair of transformers. The Company provides power transformers, repair and refurbishment of power transformers, distribution transformers and instrument transformers. Its range of distribution transformer is between 5 kilovolt-ampere (KVA)/11 kilovolt (kV) to 5 mega-volt ampere (MVA)/33 kV class. The range of distribution transformers is suitable for use in utilities, boards and private industries. It manufactures a range of power transformers up to 200 MVA, 220 kV Class in categories, such as systems transformer, generator transformer, auto transformer, rectifiers, furnace transformer, railway duty and others. Its range of instrument transformers includes current & potential transformers ranging from 11 kV to 33 kV class. It has manufacturing and testing facilities at Boisar, Wada (near Mumbai) and Vadodara (Gujarat).
TARA - Tarapur Transformers Ltd
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