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
Eildon Capital Limited is an Australia-based real estate investment and funds management company. The Company’s investment activities cover both credit and equity in real estate. Its segments include Direct Property Investment, Property Backed Lending and Funds Management. Its Direct Property Investment segment involves direct exposure, including ordinary equity, preference equity, and options to acquire an interest in direct property subject to planning outcomes. Its Property Backed Lending segment comprises loans backed by underlying property assets. Its Funds Management segment includes management of property investments, debt and unlisted funds. Its property investment portfolio comprised of seven credit and six equity investments across Victoria (VIC), Queensland (QLD) and New South Wales (NSW). Its investment portfolio includes Big Fish Retail and Commercial Centre, Caboolture, QLD; Harpley Town Centre, Werribee, VIC; Elara Village Shopping Centre, Marsden Park, NSW, and others.
EDC - Eildon Capital Ltd
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