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
Elanor Commercial Property Fund I (the Fund) is an Australia-based real estate investment trust that invests in Australian commercial office assets. The Fund’s investment property portfolio comprised nine commercial properties in Australia. The Fund’s objective is to provide risk-adjusted returns through a combination of regular distributions and capital growth. The Fund’s investment strategy includes investing in commercial office properties located in metropolitan areas or established commercial precincts; implement leasing and active asset management to grow the income and value of the properties; acquiring additional investment grade commercial properties; and maintain a conservative capital structure with a target Gearing range between 30% and 40%. The Company is managed by Elanor Funds Management Limited.
ECF - Elanor Commercial Property Fund I
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.