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
Euroz Hartleys Group Limited is a diversified financial company. The Company provides a range of financial services, such as stockbroking, investment, financial advisory, corporate finance, wealth management and funds management services to private, institutional and corporate clients. Its segments include Retail, Wholesale and Fund Management. The Retail segment includes private wealth advisers who deal with high net wealth non-institutional clients. The private wealth advisers provide a broad investment offering for clients. The wealth management team provides strategic investment advice, superannuation advice, investment management, and portfolio administration service. The Wholesale segment consists of institutional dealing, research and corporate finance team who deal with companies and other institutional clients. The Fund Management segment offers funds management services. Its subsidiaries include Euroz Hartleys Limited, Entrust Wealth Management, and Westoz Funds Management.
EZL - Euroz Hartleys Group Ltd
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