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
Future Generation Australia Limited is an Australia-based company, which gives investors the opportunity to gain unprecedented access to a group of prominent Australian fund managers in a single investment vehicle while supporting Australian not-for-profit organizations focused on children and youth at risk. The Company’s investment objective is to deliver investors a stream of fully franked dividends, achieves long-term capital growth and preserves capital. The Company provides shareholders with access to a diversified investment portfolio managed by prominent Australian equity fund managers without paying management of performance fees, while also investing in charities focused on supporting young Australians at risk. Its investment portfolio is constructed in order to provide investors with reduced volatility and downside protection. The Company also invests in Australian and international securities, derivatives and cash or near-term cash securities.
FGX - Future Generation Australia Ltd
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