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
Advanced Share Registry Limited is an Australia-based company, which is a provider of share registry services, including corporate services to its clients which are part of the share registry’s function. The Company suite of registry services includes registry maintenance, capital raisings, corporate actions, company meetings, employee share plans, shareholder communications, and in-house printing offerings. The Company operates through two segments: Share Registry Services, and Property Investment. Its Property Investment segment manages investment property in the geographical region of Australia. Its other services also include meeting management, beneficial ownership analysis, corporate actions and capital raisings, employee plan solutions, an easy-to-use online portal, shareholder communications – print and mail, and daily reports.
ASW - Advanced Share Registry Ltd
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