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
Pferdewetten de AG is a Germany-based information technology (IT) company principally engaged in the provision of online and offline betting services for horseracing. The Company is represented through its flagship Website pferdewetten.de. The Company offers bets on Trotting and Race at fixed rates or at variable rates. The range extends from betting on German gallop and trotting races up to the English, French and other international horse races. The respective bets are held by their own bookmakers in the Company or passed on to the racing associations and independent bookmakers. The Company also offers sports betting via the domain sportwetten.de. In addition, the Company provides a range of individual consulting and training services, as well as server services, Website development, video streaming, payment systems, content management and shop solutions.
EMHn - Pferdewetten de AG
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