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
Glennon Small Companies Limited is an Australia-based investment company. The principal activity of the Company is making investments in and deriving revenue and investment income from listed companies outside the S&P/ASX 100. The Company’s investment objective is to provide investors with exposure to a portfolio of smaller companies and to do this through a dedicated specialist small companies investment manager. It also offers investors a diversified portfolio of smaller companies that are different to portfolios constructed from S&P/ASX 100 companies. The Company invests in various sectors, such as communication services, consumer discretionary, consumer staples, energy, financials, healthcare, industrial, technology, materials and real estate. The Company’s investment manager is Glennon Capital Pty Ltd.
GC1 - Glennon Small Companies Ltd
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