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
CT UK Capital and Income Investment Trust PLC is a United Kingdom-based investment company. The Company’s investment objective is focused on generating capital growth and an attractive income. The Company seeks to achieve this objective by investing in companies which have good long-term prospects with attractive returns on invested capital, but whose share prices may not fully reflect this. The Company’s diversified portfolio focused on well-established United Kingdom companies and targets long-term capital and income growth from a portfolio consisting mainly of Financial Times Stock Exchange Group (FTSE) All-Share companies. The Company’s investment portfolio includes sectors, such as financials, health care, consumer staples, basic materials, financials and real estate. Columbia Threadneedle Investment Business Limited is the investment manager of the Company.
CTUK - CT UK Capital and Income Investment Trust PLC
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