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
Desane Group Holdings Limited is an Australia-based fully integrated property investment and development company. It owns a number of commercial properties and a construction business. The Company operates through three segments: Property Investment, Property Development, and Property Services. The Property Investment segment includes rental income from prime real estate investments. The Property Development segment includes development projects, such as residential, commercial, or industrial. The Property Services segment includes property and related services. The Company’s developments include 159 Allen Street, Leichhardt, and 322 Norton Street, Leichhardt. The Company’s investments include 7 Sirius Road, Lane Cove; 13 Sirius Road, Lane Cove; 16 Industrial Avenue, Wacol; 91 Thornton Drive, Penrith, and 270-278 Norton Street, Leichhardt. Its 7 Sirius Road, Lane Cove offers both industrial and commercial space.
DGH - Desane Group Holdings 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.