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
TARC Limited is an India-based real estate development company. The Company is primarily involved in the business of development of residential projects, hotels, branded and service apartments and warehouses. It is engaged in the development of various asset classes. Its projects include luxury residences, lifestyle hubs and industrial parks. Its luxury residences projects include TARC Tripundra, TARC Maceo, TARC Kaushalya Park, TARC Residential 63A Gurugram, TARC Residences Chattarpur and TARC Central West Delhi High-End Residential. Its lifestyle hubs projects include TARC, Moments Mall; TARC, Lakeview; TARC Chhatarpur Hotel; TARC Gateway, and TARC, Hotel and Convention, Mehrauli. Its industrial parks projects include TARC, Industrial Park, North Delhi; TARC, Industrial District, Manesar, and TARC, Industrial Park, Greater Noida. Its subsidiaries include Anant Raj Hotels Ltd., BBB Realty Private Ltd., Goodluck Buildtech Private Ltd., TARC Projects Ltd., and Oriental Meadows Ltd.
TART - Tarc Ltd
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