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
CVC Limited is an Australia-based company, which is engaged in property finance and development; provision of investment and development capital; and investment in other non-property opportunities. The Company operates through two segments: Property Investment and Non-Property Investment. Property Investment segment includes investments in property related ordinary equity, preference equity, joint ventures, options to acquire an interest in direct property subject to planning outcomes and property backed lending comprises loans backed by underlying property assets. Non-Property Investment segment comprises listed investments, unlisted investments and secured lending opportunities that are non-property related. The segment also includes receivables, litigation claims and other investments. Its subsidiaries include Albemarle Altfi Investments Unit Trust, Biomedical Systems Pty Limited, CVC Caboolture Unit Trust, CVC Elara Developments Pty Ltd, CVC Managers Pty Limited and other.
CVC - CVC Ltd
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