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
Vipul Limited is an India-based company, which is engaged in real estate development activities. The Company is engaged in Real Estate Development & Services segment in India. The Company’s projects include a range of residential, commercial, retail, integrated townships, lifestyle gated communities. The Company’s portfolios include Tatvam Villas, Gurugram; Vipul Business Park, Gurugram; Vipul Plaza, Faridabad; Lavanya Apartments, Gurugram; Vipul Gardens, Dharuhera; Vipul Greens, Bhubaneswar; Vipul Gardens, Bhubaneswar and Vipul World, Ludhiana. The Company has also undertaken projects in other key cities, such as Bhubaneswar, Ludhiana, Dharuhera, Bawal, and Faridabad. The Tatvam Villas, spread over an area of approximately 50 acres. The Vipul Business Park is an office complex located on the Gurgaon-Sohna Road. Its subsidiaries include Vipul SEZ Developers Private Limited, Ritwiz Builders & Developers Private Limited and more.
VIPL - Vipul Ltd
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