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
Fast Finance 24 Holding AG (FF24), formerly SCY Beteiligungen AG, is a Germany-based consumer lending company. The Company provides short-term microloans through online and mobile channels. The Company’s products include FF24 Loan and FF24 Rent. FF24 Loan offers payday loans up to 400 euro with a maturity period of up to 30 days in case of first loan, second loan up to 1,000 euro for three months, and third loan up to 1,500 euro for six months. FF24 Rent offers a rental solution with an option to purchase (Rent-to-Own) for goods up to 2,500 euro. It is offered as a payment option for online shops and etailers. The FF24 Rent Marketplace provides a platform for retailers and partner merchants to sell their products. Fast Finance 24 Holding AG has subsidiaries in the United Kingdom, Spain and Malta.
FF24 - Fast Finance 24 Holding AG
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.