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
AMP Ltd is an Australia-based company, which provides banking, superannuation, retirement and financial advice services in Australia and New Zealand. The Company operates through five segments: AMP Bank, AMP’s Platforms, AMP’s Master Trust, Advice, and New Zealand Wealth Management. AMP Bank offers residential mortgages, deposits and transactional banking services. AMP’s Platforms business is a provider of superannuation, retirement and investment solutions, enabling advisers and their clients to build a personalised investment portfolio on its North platform. AMP’s Master Trust segment operates SignatureSuper, which is a retail Master Trust in Australia, providing superannuation and pension solutions to individuals. Advice provides professional services to a network of aligned and independent financial advisers (IFAs). New Zealand Wealth Management encompasses wealth management, financial advice and distribution businesses in New Zealand.
AMP - AMP Ltd
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