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
Albion Development VCT PLC is a United Kingdom-based venture capital trust (VCT). The Company will invest in a portfolio of higher-growth businesses with a focus on technology companies across a variety of sectors of the United Kingdom economy. Its allocation of assets will be determined by the investment opportunities, which become available, but efforts will be made to ensure that the portfolio is diversified in terms of sector and stage of maturity of the Company. The Company invests in various sectors, including software and technology; healthcare, including digital healthcare; renewable energy; financial technology, and others, including education. Albion Capital Group LLP acts as the manager of the Company.
AADV - Albion Development VCT PLC
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