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 Vintage Ltd is an Australia-based, which is engaged in the production, marketing, and sales of wine. The principal activities of the Company are wine making, wine marketing and vineyard management company. The Company operates in three segments: Australia / New Zealand, UK, Europe & Americas and Asia. The Australia / New Zealand segment is engaged in the manufacturing, sales and marketing of wine in Australia, New Zealand and the Pacific through wholesale and retail channels. The UK, Europe & Americas segment is engaged in the packaging, sales and marketing of wine in the United Kingdom, Europe & the Americas through wholesale, distributor and retail channels. The Asia segment is engaged in the sales and marketing of wine in Asia through wholesale channels. The Company’s brands include McGuigan Wines, Tempus Two, Nepenthe, and Barossa Valley Wine Company. The McGuigan Wines volume includes #1 Black Label Red, #3 Black Label Cabernet Merlot and #6 Black Label Merlot.
AVG - Australian Vintage Ltd
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