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
Australian Agricultural Projects Ltd is an Australia-based company that is engaged in the management of managed investment schemes and other investors’ olive groves located in Boort, Victoria. The Company operates in one segment, which is the management and lease of olive orchard assets. This includes the cultivation of olive trees, the harvesting and processing of fruit to oil, the marketing of oil produced as well as related services. The Company’s projects include Victorian Olive Oil Project I and Victorian Olive Oil Project II. Its Victorian Olive Oil Project I has approximately 285 under cultivation and also has various tree types, including Barnea, Frantoio, Picual, Nevadillo Blanco and Picholine. The Victorian Olive Oil Project II covers an area of approximately 108 hectares. Its investment property comprises land located at 1453 Wychitella Quambatook Road, Terrappee Victoria, totaling approximately 517.85 hectares.
AAP - Australian Agricultural Projects Ltd
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