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
Fat Prophets Global Property Fund (the Fund) is an Australia-based listed investment trust (LIT). The Fund is focused on investing in global listed real estate investment trusts. The Fund aims to provide investors a total return consisting of capital appreciation and dividend income over the initial five-year term. The Fund invests primarily in a diversified but high-conviction portfolio of global real estate securities. The Fund only invests in equities in developed markets and the Fund does not use leverage, shorting or derivatives and, as such, is simple in structure, targeting capital growth and distribution. The fund does not hedge its foreign exchange exposure. The investment manager of the Fund is Fat Prophets Funds Management Pty Ltd.
FPP - Fat Prophets Global Property Fund
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