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
Finexia Financial Group Limited is an Australia-based company, which is primarily focused on providing financial services, predominantly in funds management and broker trading. The Company provides a range of financial services including corporate advisory, trading, commercial lending, funds management and wealth management to retail, wholesale, and corporate clients. The Company operates through three segments: Finexia Securities, Managed Funds, and Creative Capital. The Finexia Securities segment includes brokerage and advisory services. The Managed Funds segment includes distributions received from wholesale and retail funds under management. The Creative Capital segment includes trial and upfront commissions, establishment fees and interest income. The Company’s services include assets and funds management, equity capital markets, stock market trading and advisory, commercial and private lending, and private credit and debt finance.
FNX - Finexia Financial Group Ltd
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