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
Blue Planet Financials Growth & Income Investment Trusts plc is a United Kingdom-based investment trust. The Company invests in securities, including equities and debt issued by quoted financial companies. The investment policy of the Company is to invest in securities including equities and debt issued by quoted financial companies located anywhere in the world with the objective of providing investors with a total return greater than the Bloomberg World Financials Index. Blue Planet Investment Management Ltd (BPIM) is the investment manager of the Company, which specializes in managing investments in financial companies.
BPFU - Blue Planet Financials Growth and Income Investment Trust PLC
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