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Note on Purification and Zakat
- 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
GP Bullhound Acquisition I SE is a Luxembourg-based emerging-growth blank check company, also referred to as a special purpose acquisition company (SPAC). The Firm’s business purpose is to acquire one operating business with principal business operations in a member state of the European Economic Area, or the United Kingdom, Switzerland or Israel. Company focuses its search for a potential target in such as technology sector with a focus on the software, digital media, digital commerce, fintech and digital services sub-sectors.
