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
Welspun Enterprises Ltd is an India-based holding company. The Company operates in the road and water infrastructure industry with investment in the oil and gas space. The Company operates through two segments: Infrastructure, and Oil and gas. It has Hybrid Annuity Model (HAM)-Projects and Build-Operate-Transfer (BOT)-Toll Projects. Its HAM Projects include Delhi Meerut Expressway – Package I (NH-24), Four-laning of Chutmulpur – Ganeshpur (NH-72A) & Roorkee – Gagalheri (NH-73), Four-laning of Gagalheri – Saharanpur – Yamunanagar (NH-73A), Six-Laning of Aunta – Simaria (NH-31) including Major Bridge over Ganga river, Four-laning of Chikhali – Tarsod (NH-6), Four-laning of Sattanathapuram – Nagapattinam (NH-45A) and Dewas Industrial Water Supply Project. Its BOT-Toll Projects include Four-laning of Dewas – Bhopal (SH-18), Two-laning of Raisen – Rahatgarh (SH-19), Development of Hoshangabad – Harda – Khandwa road (SH-15) and Augmentation of Water Supply Scheme of SAS Nagar -Mohali.
WELS - Welspun Enterprises Ltd
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