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
FSA Group Limited is an Australia-based company that provides debt solutions and direct lending services to individuals and businesses. The Company operates through two segments: Lending and Services. The Lending segment offers home loans to assist clients wishing to purchase a property or consolidate their debt, personal loans to assist clients wishing to purchase a motor vehicle and asset finance to assist small and medium enterprises (SMEs) wishing to purchase a vehicle and business critical equipment. The Services segment offers a range of services to assist clients wishing to enter into a payment arrangement with their creditors. These include informal arrangements, debt agreements, personal insolvency agreements and bankruptcy. The Company’s subsidiaries include Azora Finance Group Pty Limited and Azora Finance Pty Limited.
FSA - FSA Group Ltd
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