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
Edinburgh Worldwide Investment Trust plc is a United Kingdom-based investment company. The Company operates as an investment trust. Its investment objective is the achievement of long-term capital growth by investing primarily in listed companies throughout the world. The Company’s investments consist of various industries, such as software, biotechnology, healthcare equipment and supplies Internet and direct marketing retail, aerospace and defense, interactive media and services, automobiles, healthcare technology, electrical equipment, professional Services, electronic equipment, instruments and components, insurance, media, Internet and catalogue retail, chemicals, machinery, and energy equipment and services, among others. Baillie Gifford & Co Limited is the alternative investment manager to the Company.
EWI - Edinburgh Worldwide Investment Trust PLC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.