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
Academies Australasia Group Limited is an Australia-based education provider. The Company offers English language, Senior High School, Singapore Government School Preparatory Certificate, Diploma, Advanced Diploma and Bachelor degree courses. The Company offers approximately 150 qualifications to about 10,000 students across campuses in Sydney, Melbourne, Brisbane, the Gold Coast, Adelaide, Perth, Armidale and Dubbo. It also has a college in Singapore, which offers Australian-standard courses. Its students come from approximately 130 countries, including six dependencies. The Company also offers a range of recognized courses at different levels Certificate, Diploma, Advanced Diploma, Bachelor Degrees. The Company’s colleges include Academy of English (ELICOS), Australian International High School, Academies Australasia Institute (Vocational), Australian College of Technology (Vocational), Benchmark College (Vocational) and other.
AKG - Academies Australasia Group Ltd
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