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
TRF Limited is an India-based company. The Company offers manufacturing services, technical services, project management and life cycle and allied services. It undertakes turnkey projects of material handling for the infrastructure sector, such as power and ports and industrial sector, such as steel plants, cement, fertilizers, and mining. The Company’s segments include Products & Services, and Projects & Services. It offers design and engineering services for projects, quality control and assurance services and health assessment services of plants and equipment. It focuses on planning, budgeting and control, erection and commissioning services, and execution of EPC projects in power, steel, port, and mining sectors. It is also engaged in production of such material handling equipment’s at its manufacturing facility at Jamshedpur. The Company uses its manufacturing facility with its commissioning capabilities to install bulk material handling plant and equipment on a supply basis.
TTRO - TRF Ltd
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