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
ASF Group Limited is an Australia-based diversified investment company. The Company’s transactional trade and investment allows it to generate value and maximize returns in its focus sectors of property, resources, technology and financial services. The Company holds interest in various companies, which include ActivEX Limited, Rey Resources Limited (REY), Key Petroleum Limited (KEY), Kaili Resources Limited (KLR), Civil & Mining Resources Pty Ltd (CMR), ASF Technologies (Australia) Pty Ltd and BSF Enterprise PLC. The Company provides property services to onshore and offshore investors and home buyers through its subsidiary, ASF Properties Pty Ltd (ASFP). Its subsidiary, ASF Capital Pty Ltd, is the fund management and advisory arm of its core strategy to facilitate two-way capital flows between Australia and Asia. Its subsidiaries also include ASF Consortium Pty Ltd, ASF Corporate Pty Ltd, ASF Energy Pty Ltd, ASF (Hong Kong) Ltd and ASF Oil and Gas Holdings Pty Ltd.
AFA - ASF Group Ltd
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