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
Beston Global Food Company Limited is an Australia-based company engaged in production and supply of milk. The Company’s business activities consist of production of dairy, meat, water products, food, beverage and pharmaceutical products. The Company’s segments include Australian Dairy, Australian Meat, Australian Other segment and International Other segment. The Australian Dairy segment owns and operates production plants and uses milk to produce cheese and other dairy products. The Australian Meat segment is focused on the production of meat and related products for expanding domestic and export markets. The Australian Other segment includes other Australian domiciled businesses developing technological software for tracking the provenance and authenticity of goods, as well as the production of spring water and related products. The International Other segment includes foreign entities providing sales support and customer support for customers of the consolidated entity.
BFC - Beston Global Food Company Ltd
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