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
Bentley Capital Limited is an Australia-based investment company. The Company’s investment objectives are to achieve a high real rate of return over the medium term, ideally comprising both revenue and capital growth, while operating within acceptable risk parameters, and to deliver a regular distribution stream to shareholders. The Company’s segments include Investments and Corporate. The Investments segment comprises securities listed on the Australian Securities Exchange (ASX), units in unlisted managed funds and other liquid financial assets. The Corporate segment provides corporate assets and operations.
BEL - Bentley Capital Ltd
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