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
TCI Express Limited is an India-based express cargo distribution company with an emphasis on the e-commerce business. The Company specializes in offering time definite solutions. Its services include surface express, domestic and international air express, reverse express, e-commerce, C2C express (full truckload), rail express and cold chain express. It offers a single window solution to its clients through account management set up. Its value-added services include safety and security of vehicles through tamper proof locking systems, diplomat service, proof of delivery, cash on delivery, freight on delivery, Sunday, holiday and late pickup services on demand, key account management, short message services (SMS) Facility option for the customers, one time password (OTP)-based delivery for delivering shipments in pharmaceuticals, and others. The Company has more than 40000 pickup and delivery locations.
TCIE - TCI Express Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.