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
Freelancer Limited is an Australia-based company that is engaged in the provision of an online outsourcing marketplace and escrow payment services. The Company is involved in freelancing and crowdsourcing. The Company connects employers and freelancers globally from over 247 countries, regions, and territories. The Company operates through two segments: Online Marketplace and Online Payment. Through its marketplace, employers can hire freelancers to do work in areas, such as software development, writing, data entry and design, right through to engineering, the sciences, sales and marketing, accounting, and legal services. The Company’s online payment services includes the business of Escrow.com, is a regulated entity that holds funds on behalf of its users in trust bank accounts. Escrow.com is a provider of secure online payments and online transaction management. It safeguards both the buyer and seller with all funds kept in trust that are transacted in escrow.
FLN - Freelancer Ltd
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