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
IGP Advantag AG is a Germany-based carbon dioxide (CO2) broker and dealer. It operates on a number of markets for obligatory as well as voluntary emission certificates. The Company’s services include execution of buy, sell and swap orders. It furthermore offers trading futures and options, as well as participation in Climex and EEX auctions, among others. The Company’s wholly owned subsidiary, Advantag Climate Invest GmbH, develops and markets direct investments in publicly traded CO2 emission certificates.
A62 - IGP Advantag AG
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