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
Aussie Broadband Limited is an Australia-based telecommunications and technology company. The Company provides a range of solutions to residential, business, enterprise and government customers, and provides wholesale access to other telcos and managed service providers. It operates through four segments: Residential, Business, Wholesale and Enterprise and Government. The Residential segment provides telecommunications services to residential users. The Business segment provides telecommunications services to business users. The Wholesale segment provides telecommunication services to third party resellers. The Enterprise and Government segment provides telecommunications services to large enterprises, including those in the public sector. The Company also offers a range of other telecommunications services, including voice, mobile plans and handsets, entertainment bundles through its partnership with Fetch TV and connections through the Opticomm network and its white-label platform.
ABB - Aussie Broadband Ltd
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