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 Dairy Nutritionals Group is an Australia-based vertically integrated producer of dairy products. The Company’s segments include Consumer Direct, Nutritional Powders and Dairy Farms. The Consumer Direct segment comprises its Victorian Farmers Direct business, an online platform that delivers fresh milk, dairy, meat and other groceries directly to consumers doorsteps. The Nutritional Powders segment includes the processing and sale of dairy and nutritional products to domestic and international markets. The Company manufactures infant formula, nutritional and customized specialty powders. In addition to the Ocean Road Dairies infant formula range, the Company also manufactures (through a third party) and sells the future Gradulac Gentle infant formula range (Future). Its future Gradulac Gentle infant formula range includes future Gradulac Gentle newborn infant formula, future Gradulac Gentle follow-on formula and future Gradulac Gentle toddler milk.
AHF - Australian Dairy Nutritionals Group
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