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
Aspen Group Limited is a provider of accommodation. The Company is engaged in owning and operating properties in the accommodation sector. Its segments include Retirement Communities Properties, Park Communities Properties and Residential Properties. Retirement Communities Properties segments include Four Lanterns NSW, Mandurah WA, Sweetwater Grove NSW, Lewis Fields, Wodonga Gardens WA, Meadowbrooke WA and Alexandria Cove SA. Park Communities Properties segments include Adelaide SA, Tween Waters, Barlings Beach, Koala Shores NSW, Darwin FreeSpirit NT, Highway 1 SA, Aspen Karratha Village WA and Coorong Quays SA. Residential Properties segments include Pacific Highway NSW, Treatts NSW, Perth Apartment Portfolio WA, Cooks Hill, Mt Barker, Burleigh Heads, Upper Mount Gravatt and Coorong Quays SA. It owns and manages a portfolio of accommodation assets, which include approximately 18 properties located across New South Wales, Washington, South Africa, Queensland and Northern Territory.
APZ - Aspen Group Ltd
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