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
Blockchain Coinvestors Acquisition Corp. I is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It has not selected any specific business combination target, and has not, engaged in any substantive discussions, directly or indirectly, with any business combination target. It intends to focus its search on the companies in the financial services, technology and other sectors of the economy that are being enabled by emerging applications of blockchain. The Company is not engaged in any business operations and has not generated any revenue.
BCSA - Blockchain Coinvestors Acquisition Corp I
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