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
Viviana Power Tech Limited is an India-based company, which is engaged in the business of power transmission; distribution, and industrial engineering, procurement, and construction (EPC) space projects. Its business operations comprise two main activities: supply and service. The Company provides a wide range of services, such as power transmission lines, EHV substations, testing and commissioning of sub-station and transmission lines, power distribution network establishment, underground cable laying, and upgradation and modification of existing power systems. It undertakes turnkey jobs for the supply, civil, erection, testing and commissioning of all types of electrical systems. The Company’s subsidiary is Viviana Engineering Private Limited.
VIVP - Viviana Power Tech Ltd
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