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
EDU Holdings Ltd owns and operates tertiary education businesses, with a focus on health and community service fields of study. The Company has two wholly owned operating businesses: Australian Learning Group Pty Limited (ALG) and Proteus Technologies Pty Ltd trading as Ikon Institute of Australia (Ikon). ALG is a vocational education and training (VET) provider, primarily focused on the international student market. The business operates from campuses in Sydney, Melbourne, Brisbane, and Perth. ALG offers a range of accredited certificate and diploma level courses in health and community service related fields of study from campuses across Australia. Ikon is a higher education (HE) sector provider, with a primary focus on the domestic student market. Ikon operates from campuses in Sydney, Melbourne, Brisbane, Perth, Adelaide and online. Ikon’s HE courses include a Bachelor of Counselling and Psychotherapy, a Bachelor of Arts Therapy, and a Bachelor of Early Childhood Education.
EDU - EDU Holdings Ltd
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