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
Fiducian Group Limited is an Australia-based diversified financial company. The Company offers fund management, financial planning, platform administration, financial planning software and administration systems development. Its segments include Funds Management, Financial Planning, Platform Administration and Corporate Services. In the Funds Management segment, the Company acts as a responsible entity for managed investment schemes and separately managed accounts through its subsidiary, Fiducian Investment Management Services Limited. Its Financial Planning segment is engaged in providing specialist financial planning services through its subsidiary, Fiducian Financial Services Pty Ltd. In the Platform Administration segment, the Company acts as a registrable superannuation entity (RSE) of a public offer superannuation fund, which is offered on its wrap platform through its subsidiary, Fiducian Portfolio Services Ltd. It operates primarily in Australia and India.
FID - Fiducian Group Ltd
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