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
Drumz plc is a United Kingdom-based investment company. The Company’s investing policy is to invest principally, but not exclusively, in the technology sector within Europe. Its investment strategy is to invest in and acquire technology businesses. The Company’s proposed investments may be made in either quoted or unquoted companies and structured as a direct acquisition, joint venture, or as an interest in a project. The Company may be either an active investor or a passive investor. The Company is building a software group that is involved in investing in technology companies. The Company is also focused on software business that is specializing in risk management.
DRUM - Drumz PLC
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.