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
Allfunds Group plc is a United Kingdom-based wealth technology company. The Company’s business-to-business (B2B) wealth technology platform connects fund houses and distributors, enabling the efficient matching of supply and demand for asset management products. Its service offering includes data and analytics, portfolio and reporting tools, research, and regulatory services. The Company operates through two segments: Net platform revenue, and Net subscription and other revenues. It offers a fund distribution network globally and access to the universe of mutual funds and exchange-traded funds (ETFs). The Company operates an open-architecture platform that provides a digital ecosystem. Through the Company’s platform, it offers a variety of funds globally across active and passive strategies, including equity funds, fixed income funds, multi-asset funds, alternative funds, and ETFs. The Company operates in approximately 62 countries around the globally.
ALLFG - Allfunds Group PLC
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