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
Midwich Group plc is a United Kingdom-based global specialist audio visual (AV) distributor to the trade market. The Company’s operation segments include United Kingdom and Ireland, EMEA, Asia Pacific and North America. The application of AV systems is found in areas such as unified communications, workplace collaboration and digital signage solutions, with end users broadly covering the corporate, education, government, events, retail, hospitality, healthcare and residential markets. Its customers are primarily installers and resellers of AV equipment into the Pro AV market. The Company’s brands include Absen LED, BARCO, biamp., BrightSign, EPSON, HARMAN, Legrand, LG, Logitech, SONY, SHARP/ NEC, PHILIPS, poly, SHURE, SMART, SONOS, SAMSUNG, peerless-AV and Panasonic.
MIDWM - Midwich Group PLC
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