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 Bond Exchange Holdings Limited is an Australia-based financial services company. The Company is engaged in the provision of fixed income advice and dealing in corporate and government bonds and fixed income instruments. Its business includes providing investment advice and trade execution services and providing financial advisers and brokers with access to an over the counter (OTC) trade execution and settlement service where they can provide their clients with direct access to the Australian OTC bond market. The Company owns and operates the fixed income portal www.bondexchange.com.au. It offers financial product advice and deals in basic deposit products, deposit products other than basic deposit products, debentures, stocks or bonds issued by a government, managed investment schemes, and securities and also to provide custodial or depository services to wholesale and retail clients.
ABE - Australian Bond Exchange Holdings Ltd
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