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
CD Private Equity Fund I (Fund) is an Australia-based managed investment scheme. The principal activity of the Fund is engaged in investing in small-to-mid-market private investment funds and privately held companies with a predominate focus in the United States, through its US Select Private Opportunities Fund, L.P. (LP). The Fund’s investment objectives are to provide unitholders with exposure to a portfolio of investments in small and mid-market private investment funds and privately held companies, predominantly in the United States, to achieve capital growth over a five to 10-year investment horizon. Through its investment in the LP, the Fund is fully committed across nine United States private investment funds, which focus on a range of industries, including communication infrastructure, consumer products, manufacturing, and business services. US Select Private Opportunities Fund GP, LLC is the investment manager of the Fund.
CD1 - CD Equity Fund I Pvt
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