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
Axiom Properties Ltd is an Australia-based property development and investment company, which is focused on developing and delivering property solutions. The Company’s segments include Investment property and Development. The Company’s projects include Glenlea, Mount Barker; Butler, Western Australia; Worldpark 01, Adelaide, and Sixty2currie, Adelaide. The Company’s subsidiaries include Axiom Property Funds Pty Ltd, Axiom Development Management Pty Ltd, Axiom Worldpark Trust, Axiom Worldpark Adelaide Pty Ltd, Axiom Worldpark Adelaide Trust, Axiom Resources Pty Ltd, Axiom Mt Barker Pty Ltd, Axiom Currie St Pty Ltd, Axiom Francis St Pty Ltd, Axiom Francis St Trust, Axiom Butler Central Pty Ltd and various others.
AXI - Axiom Properties Ltd
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