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
Technofab Engineering Limited is an engineering and construction company. It is engaged in the engineering, procurement and construction (EPC) services in various sectors, such as electricity, water infrastructure, oil handling systems and others on a turnkey, supply or erection basis. Its project categories include industrial, utility and low-pressure piping systems, fuel oil, unloading, storage and handling systems, fire detection, alarm and protection systems, water, wastewater and effluent treatment and recycling systems, tankages, raw / sea water intake systems and plant electrification / transmission & distribution / rural electrification. It serves customers, domestic, as well as overseas, who operate in diverse sectors, such as power, industrial, oil & gas, electrical, water and infrastructure sectors in India, Africa & Asia pacific regions through turnkey EPC contracts for a spectrum of packages. Its operations outside India includes several countries in sub-Saharan Africa.
TECN - Technofab Engineering Ltd
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