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
Cadence Capital Limited is an Australia-based investment company. The Company is engaged in investing primarily in securities listed both in Australia and internationally. The Company may take short positions and may also deal in derivatives for hedging purposes. The Company invests in the sectors, such as basic materials, consumer on-cyclical, communications, insurance, consumer cyclical, energy, utilities, retailing, technology, financials, industrials, and banks. The Company is engaged in investing activities, including cash and equity instruments. It continues to have foreign equity and currency exposure as part of its principal activity in making investments in listed global securities. The Company is managed by Cadence Asset Management Pty Limited.
CDM - Cadence Capital Ltd
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