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
East 33 Limited is an Australia-based vertically integrated Sydney Rock oyster producer, processor, and supplier. The Company’s segments include distribution farming, distribution, and sundry units. The oyster farming segment includes the growing and wholesaling of live oysters in Australia. The distribution segment includes wholesale and retail distribution of oysters in Australia. The sundry units segment includes selling liquor to retail customers, provision of restaurant services, online sales of oysters and complimentary products in Australia. It owns a number of oyster farms and associated infrastructure at Wallis Lake. It owns a hatchery at Camden Haven, north of its farm at Wallis Lake. The Company also owns a nursery at Port Stephens, south of its farm at Wallis Lake. Its cold chain supply network and ecommerce platform covers metropolitan areas of New South Wales, Victoria and Queensland.
E33 - East 33 Ltd
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