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
Booktopia Group Limited is an Australia-based online book retailing company. The Company sells electronic books (e-books), digital versatile discs (DVD), audiobooks, magazines and stationery. Its brands include Booktopia, Booktopia Publisher Services (BPS) and Booktopia Publishing. BPS offers publishers with distribution solutions to the Australian and New Zealand market. Booktopia Publishing is its trade publishing division that publishes books in print and digital formats under the Booktopia Editions imprint. It offers books of various subjects and topics, which includes Australian Fiction, classic fiction, crime & mystery, historical, poetry, science fiction, thrillers & mystery and more. It serves corporate and government customers, including schools, libraries, universities and government departments. Its customer fulfilment center (CFC) is located in Lidcombe, Western Sydney. Its subsidiaries include Booktopia Pty Ltd, Making IT Better Pty Ltd and Virtual Lifestyles Pty Ltd.
BKG - Booktopia Group Ltd
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