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
Duxton Water Limited is an Australia-based company. The Company owns and manages a diverse portfolio of water assets, primarily located in the Southern Murray Darling Basin (SMDB) region of Australia. It provides a direct exposure to the Australian water market. The Company is engaged in providing irrigators with a range of water supply solutions and resource risk management tools. The Company holds approximately 83.5 GL of permanent water entitlements across 18 different asset types and classes. Duxton Capital (Australia) Pty Ltd. is the investment manager of the Company.
D2O - Duxton Water Ltd
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