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
Altur Investissement SCA, formerly Turenne Investissement SCA is a France-based capital investment company. The Company invests and disinvests in directly or in co-investment with funds investment capital. It specializes in Owner Buy-Out and Leveraged Buy-Out investments in small and medium-sized French companies. The Company invests mainly in five sectors: Healthcare, Specialized distribution, Generational Services (Education & Training), High added value industry and Hotel. Altur Investissement supports, as the sole investor or reference investor, ETIs and SMEs fast-growing heritage or family businesses, mostly unlisted. The Company also carries out investments with leverage, especially when acquiring a company by the management in place (MBO), during refinancing from the manager in the capital (OBO) or during the acquisition of high school portfolio.
ALTUR - Altur Investissement SCA
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