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
European Opportunities Trust PLC is a United Kingdom-based investment trust. The Company’s objective is to invest in securities of European companies and in sectors or geographical areas, which offer prospects for capital growth. Its investment restrictions include, such as no single holding shall constitute more than 10% of its total assets; it will not invest in unlisted securities; it will not invest in derivative instruments; it will not invest in other listed closed-ended investment funds; it shall not take legal or management control over any investments in its portfolio; and not more than 50% of its investments may be in securities, which are not qualifying securities or government securities. Its portfolio spans a range of locations, including Denmark, France, Germany, Spain and others. It invests in various sectors, including communication services, consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology and materials.
EOTE - European Opportunities Trust PLC
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