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
Braveheart Investment Group plc is a United Kingdom-based private equity and venture capital company. The Company divides its investments into two categories, namely strategic investments and portfolio investments. Its strategic investments contain six companies: Paraytec Limited (Paraytec), Phasefocus Holdings Limited, Kirkstall Limited, Autins Group plc, Aukett Swanke Group plc and Velocity Composites plc. Paraytec develops specialist detectors for the analytical and life sciences instrumentation markets. Phasefocus has developed a series of patented computational imaging and analysis techniques, which have a range of applications, including live-cell imaging, engineering metrology and electron microscopy. Kirkstall operates in the organ-on-a-chip market where it has developed Quasi Vivo, a system of chambers for cell and tissue culture in laboratories. Autins Group plc specializes in solving acoustic and thermal problems in the automotive industry and other specialist applications.
BRH - Braveheart Investment Group PLC
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