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
Excelsior Capital Limited is an Australia-based company that is primarily engaged in the design and distribution of electrical components and cables for resource infrastructure applications and the management of an investment portfolio. The Company operates through two segments: electronics and investment portfolio. The electronics segment is a supplier of electronic equipment for defense, aviation, electrical safety markets and consumer electronic equipment for home use. The electronics segment offers products and services in the areas of electronics, safety, thermal and electrical architecture. Its electrical cables primary brands include XLPE Cables, Hartland Cables and Aflex Cables. The investment portfolio segment invests in listed and unlisted equity instruments and quoted debt instruments. Its geographical markets include New South Wales, Victoria, Queensland and Western Australia. The Company’s subsidiary is CMI Operations Pty Ltd.
ECL - Excelsior Capital Ltd
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