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
BlackRock Frontiers Investment Trust plc is a United Kingdom-based investment trust. The Company’s principal activity is portfolio investment. The Company’s investment objective is to achieve long-term capital growth by investing in companies domiciled or listed in or exercising the predominant part of their economic activity in, less developed countries. The Company’s investment policy is to maximize total return and seeks to invest globally in the securities of companies domiciled or listed in or exercising the predominant part of their economic activity in, less developed countries. The Company invests in a range of sectors, such as financials, consumer discretionary, industrials, materials, energy, consumer staples, information technology, healthcare, real estate, communication services and utilities. The Company’s investment manager is BlackRock Investment Management (UK) Limited. The Company’s alternative investment fund manager is BlackRock Fund Managers Limited.
BRFI - BlackRock Frontiers Investment Trust PLC
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