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
Freedom Finans AO is a Kazakhstan-based is specialized financial company. The main activity of the Company includes operations on the professional securities market, provision of consulting services on the securities market, brokerage, and dealer operations, as well as the organization of the issue, placement and subscription of securities, the implementation of trading transactions with securities as an agent on its own behalf and at its own expense, and the provision of management services investment portfolio and banking services. The Company provides brokerage services, underwriting services and stock price maintenance services in Kazakhstan and Kyrgyzstan and banking services in the Republic of Kazakhstan.
FFIN - Freedom Finans AO
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