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
AF Legal Group Ltd is an Australia-based law firm that specializes in family and relationship law. The Company provides advice to clients in respect of divorce, separation, property, and children’s matters together with related and ancillary services such as litigation. The Company’s comprehensive services include divorce, separation, child support, asset division spouse maintenance, property settlement asset protect and matters involving children. The Company operates in Melbourne, Mornington and Preston, Victoria; Watts McCray and AFL Sydney, Watts McCray Parramatta, and Watts McCray Northern Beaches, New South Wales; Brisbane, Maroochydore, Caloundra and Gold Coast, Queensland; Perth and Joondalup, Western Australia; Canberra and Belconnen, the Australian Capital Territory (ACT); Adelaide, South Australia; and Withnalls Darwin and Withnalls Alice Springs, Northern Territory. The Company services cover all aspects of family law and relationship law.
AFL - Af Legal Group Ltd
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