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
NAOS Emerging Opportunities Company Limited is an Australia-based investment company. The Company primarily invests in a concentrated portfolio of listed entities with the objective of providing investors with exposure to emerging industrial companies, with a long-term focus. The Company operates through the Australia segment. It serves various industries, including financials, industrials, construction materials, commercial and professional services, agriculture, healthcare, travel and leisure, information technology, and real estate. NAOS Asset Management Limited is the investment manager of the Company.
NCC - NAOS Emerging Opportunities Company Ltd
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