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
Zodiac Ventures Limited is an India-based real estate development company. The key focus area of the Company’s business is reconstruction or redevelopment of slum areas, cessed buildings by housing societies or old buildings belonging to the Municipal Corporation of Greater Mumbai. The Company undertakes research for its projects prior to making any decisions to acquire, develop or sell its properties. Its operations include the identification and acquisition of land and land development rights and the planning, execution and marketing of its projects. The Company’s projects include Jupiter, Venus, KUSHINARA SRA CHS LTD. Slum Rehabilitation (SRA), HANUMAN NAGAR SRA CHS LTD. Slum Rehabilitation (SRA), HUTATMA BABU GENU NAGAR CO.OP. HSG.SOC. (Proposed) Slum Rehabilitation (SRA) and MERCURY. Jupiter is a residential apartment project offering 1-2 BHK units located at Vile Parle (East). Venus is a residential apartment project offering 2 BHK units located at Vile Parle (East).
ZODI - Zodiac Ventures Ltd
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