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
abrdn New Dawn Investment Trust plc is a United Kingdom-based investment trust. The Company’s investment objective is to provide shareholders with a high level of capital growth through equity investment in the Asia Pacific countries excluding Japan. The Company’s assets are invested in a diversified portfolio of securities in quoted companies spread across a range of industries and economies in the Asia Pacific region excluding Japan. Its investments may also be made through collective investment schemes and in companies traded on stock markets outside the Asia Pacific region provided that over 75% of their consolidated revenue is earned from trading in the Asia Pacific region or they hold more than 75% of their consolidated net assets in the Asia Pacific region. The Company’s investment manager is abrdn Asia Limited. Its alternative investment fund manager is abrdn Fund Managers Limited.
ABD - Abrdn New Dawn Investment Trust PLC
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