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
AMCIL Limited is an Australia-based investment company. The Company manages a focused portfolio covering large and small companies in the Australian equity market. The Company’s objective is to provide shareholders with attractive total returns, including strong capital growth over the medium to long term and to pay fully franked dividends. The Company invests in various sectors, which include healthcare, energy, materials, industrials, consumer discretionary, consumer staples, banks, other financials, real estate, communication services and information technology and cash.
AMH - AMCIL Ltd
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