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
Australian United Investment Company Limited is an Australia-based investment company that specializes in Australian listed equities. The Company’s investment objectives are to create and maintain a diversified portfolio of Australian companies, primarily through shares listed on the Australian Stock Exchange (ASX), with a medium to long term view of providing income and capital appreciation; to actively manage the portfolio, to monitor and reduce risks and identify market opportunities as they arise; and to provide dividend income to shareholders which is sustainable over the long-term, maintaining full franking when possible. The Company seeks to provide income and capital appreciation over the longer term to its shareholders through a portfolio of securities predominantly comprising shares of companies listed on the ASX. It invests in various sectors, such as consumer, healthcare, banks, energy, infrastructure and utilities, property, mining, transportation and others.
AUI - Australian United Investment Company Ltd
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