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
Argo Global Listed Infrastructure Limited is an investment company. The Company’s investment objective is to provide a total return for long-term investors consisting of capital growth and dividend income, from a global listed infrastructure portfolio which can provide diversification benefits for Australian investors. It is diversified by sector diversification and geographic diversification. Sector diversification includes electric, communications, midstream energy, gas distribution, toll roads, railways, airports, water, marine ports, cash, environmental services and other. Geographic diversification includes the United States, Europe, Asia Pacific, Canada, Australia, Latin America and other. It has a portfolio across 50-100 securities, with the portfolio invested in global listed infrastructure securities. The portfolio is diversified across infrastructure subsectors and countries, both developed and emerging. Argo Service Company Pty Ltd is the investment manager of the Company.
ALI - Argo Global Listed Infrastructure Ltd
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