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
ECP Emerging Growth Limited is an Australia-based investment company. Its investment objectives are to achieve medium to long-term capital growth and income through investing in a diversified portfolio of small and mid-cap Australian companies; to preserve and enhance the net tangible assets (NTA) backing per share after allowing for inflation, and to provide company shareholders with a fully franked dividend which, over time, will grow at a rate in excess of the rate of inflation. It focuses on investing in Australian equities to achieve medium to long term capital growth and income. The Company invests in a diversified portfolio of small to mid-cap companies listed on the Australian Securities Exchange. The Company holds investments in various sectors, such as consumer discretionary, financials, information technology, telecommunications, health care, consumer staples, and industrials. Its investment manager is ECP Asset Management Pty Ltd.
ECP - ECP Emerging Growth Ltd
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