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
Catalano Seafood Ltd is an Australia-based company, which is traded as a processing, retail and export business model. The Company provides fish and seafood around the world. It operates through two segments: the retail segment and the processing segment. The Company’s retail business operates in metropolitan IGA supermarkets servicing Metcash, Australia’s wholesale distribution, and marketing company, with seafood products. The Company has three stores operating throughout metropolitan Perth- Garden City, Whitfords and factory direct in Bassendean. The Company supplies approximately 50 independent supermarket clients. The Company’s contract (toll) processing hub provides processing and packing services to the fishing, aquaculture, retail and food service industries. The Company’s distributors include independent international retail chains, international food companies, and importers / distributors. Catalano Seafood Sdn Bhd is a subsidiary of the Company.
CSF - Catalano Seafood Ltd
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