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
Transwind Infrastructures Limited is an India-based infrastructure development company. The Company is engaged in the business of construction activities and all other activities. It operates in various sectors, such as Indian Railways Signaling & Telecommunication (S&T) segment, city gas distribution network, water distribution network, and irrigation sector. Its projects include signal and telecom project, operation and maintenance (S & T) and City Gas Distribution Project. The Company also holds annual maintenance contracts for quad cable installed, commissioned, and others in various Indian railways divisions. It has projects in the state of Gujarat, Maharashtra, Delhi, Rajasthan, Haryana, Madhya Pradesh, Uttar Pradesh, and Telangana.
TRAW - Transwind Infrastructures Ltd
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