WAA Solar Ltd








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Note on Purification and Zakat

  • 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

Waa Solar Limited is an India-based company, which is engaged in solar power generation. The Company sets up solar power projects and invests in special purpose vehicle (SPV) associate and subsidiary companies, which are engaged in solar power generation activities. The Company is focused on engineering, procurement and construction (EPC) in solar projects. The Company’s projects include Solar Photovoltaic (PV) Grid Interactive Power Plant of approximately 10 megawatts (MW) capacity at village Nayka, Taluka-Sami, District Patan; Solar Power plant of approximately 100 kilowatt-peak (KWP) at Raja Bhoj Airport, Bhopal; 10.42 MW Solar PV Power Project, Koppal, Karnataka; 4.00 MW Solar PV Power Project, Mansa, Punjab, and 4.00 MW Solar PV Power Project, Vadodara, Gujarat. Its subsidiaries include Madhav Solar (Vadodara Rooftop) Private Limited, Madhav Infracon (Vidisha Kurwai Corridor) Private Limited, Aspire Infracon Pvt. Ltd. And others.