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
Disruptive Capital Acquisition Co Ltd is a United Kingdom-based emerging-growth blank check company, also referred to as a special purpose acquisition company (SPAC). The Company is formed for the purpose of completing a merger, amalgamation, share exchange, asset and/or liability acquisition, share purchase, reorganization or similar business combination with a target business entity. The Company focuses its search for a potential target business or entity operating in financial service sector operating in insurance, banking, pensions, asset or wealth management, or service and administration with its operations in Western and/or Northern Europe. The Company has not commenced any operations nor generated any revenue.
DCACS - Disruptive Capital Acquisition Company Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.