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
Beacon Lighting Group Limited provides lighting, fans and electrical accessories, servicing both retail and trade customers in Australia. In addition, the Company has several other specialty lighting brands servicing separate market segments in Australia. It also operates Beacon International, which is a wholesaler of fan and lighting products with offices in Hong Kong, the United States of America, Germany, and China. Its products include pendant lighting, chandeliers, downlights, and others. It operates businesses under the Beacon Lighting, Beacon Commercial, Beacon International, Light Source Solutions, Connected Light Solutions, Masson for Light and Custom Lighting brands. Its trading businesses consist of about 118 Beacon Lighting company stores, Beacon Lighting franchised stores, Beacon Commercial sales offices, Beacon International offices, Light Source Solutions office in New Zealand, Connected Light Solutions, Masson for Light, Custom Lighting, and Beacon Lighting Wholesale.
BLX - Beacon Lighting Group Ltd
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