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
Foxtons Group plc is a United Kingdom-based estate agency company. The Company is engaged in the provision of services for the residential property market in the United Kingdom. The Company provides a range of residential property services across Lettings, Sales, and Financial Services businesses, operating across a network of over 60 interconnected branches. The Company operates through three segments: Lettings, Sales, and Financial Services. The Lettings segment generates commission from the letting and management of residential properties and income from interest earned on tenants’ deposits. The Sales segment generates commission on sales of residential property. The Financial Services generates commission from the arrangement of mortgages and related products under contracts with financial service providers and receives administration fees from clients. It also offers tenant finding, rent collection, tenancy renewal and property management services.
FOXT - Foxtons Group PLC
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