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
Centrepoint Alliance Limited is an Australia-based company that operate in the financial services industry and provides a range of financial advice and licensee support services as well as investment solutions to financial advisers, accountants, and their clients across Australia, plus mortgage aggregation services to mortgage brokers. The Company’s segments include Licensee and advice services, Fund management and administration, and Consulting services. The Licensee and advice services segment represents the business that provides Australian financial services licensee services to financial advisers and their clients and mortgage broking services. The Fund management and administration segment provides investor directed portfolio services and investment management services to financial advisers, accountants, and their clients. The Consulting services segment represents the business that provides consulting to both self-licensed advisers and licensees.
CAF - Centrepoint Alliance Ltd
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