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
PennantPark Investment Corporation is a closed-end, externally managed, non-diversified investment company. The Company’s objectives are to generate both current income and capital appreciation while seeking to preserve capital through debt and equity investments primarily made to United States middle-market companies in the form of first lien secured debt, second lien secured debt, subordinated debt and equity investments. The Company invests primarily in United States middle-market companies in the form of first lien secured debt, second lien secured debt, subordinated debt and, to a lesser extent, equity investments. The Company’s portfolio generally consists of illiquid securities, including debt and equity investments. It invests in sectors, including media, hotels, motels, inns and gaming, aerospace and defense, building materials, environmental services, healthcare, education and childcare, consumer products, printing and publishing, and the auto sector, among others.
PNNT - Pennantpark Investment Corp
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