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
Valecha Engineering Limited is an India-based company, which is engaged in construction of infrastructural engineering projects, such as irrigation dams, roads, bridges, highways, power projects, railways, tunnels, airports, and reservoirs, foundation and piling works, among others. The Company’s operations are spread across India and parts of the Middle East. The Company’s subsidiaries include Valecha Infrastructure Limited, Professional Realtors Private Limited, Valecha International and Valecha Kachchh Toll Roads Limited, among others. It uses various equipment for the specialized construction of concrete expressways and highways. The equipment used by the Company includes hot mix plant, crusher, tippers, vibratory roller, wet mix paver, concrete batching plant, transit mixers, motor grader, soil compactor, concrete paver, hydraulic grab, concrete placer, hydraulic rig, cranes and bentonite mixing pump, among others.
VALE - Valecha Engineering 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.