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
Yogi Infra Projects Limited is engaged in the business of construction and infrastructure projects. The Company is in the business of infrastructure establishers/developers, real estate advisers/consultants/brokers, real estate agent builders, promoters, developers of apartments, commercial buildings, factory buildings, hotels, malls, office buildings, residential flats, and other civil structures and/or dealers in real estate, such as land, building, flats, hotels and cinema theatres. The Company is also engaged in the development of shopping complex, commercial premises, industrial sites, industrial sheds, guest houses, lodging houses, hotels, cottages, tourist bungalows, commercial premises, all other types of civil structures and places of entertainment, recreation and pleasure and other immovable properties of all kinds and description, and/or any interest therein and to acquire by purchase, lease or otherwise lands, sites, buildings or any other civil structures.
YSW - Yogi Infra Projects Ltd
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