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
Yash Innoventures Limited is an India-based company that is engaged in the construction business. The Company’s projects type includes plotting, residential, commercial and industrial. Its plotting project is Yash Vivanta. Yash Vivanta is plotting scheme in Ahmedabad and its plots range from 500 square feet onwards. Yash Vivanta provides various amenities, such as a common plot with club house, swimming pool, gym area, games room and sitting area with a pantry. It has worked with government and semi-government agencies like urban department, revenue department, town planning, education department and lot of semi-government department as well as industries in government and also private sector.
YASI - Yash Innoventures Ltd
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