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
Global Dividend Growth Split Corp. (the Fund) is a mutual fund company. The Fund’s investment objective are to provide holders of Preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for appreciation. The Fund invests in a diversified portfolio of equity securities of large capitalization global dividend growth companies selected by the Manager that have a market capitalization of at least $10 billion and have a history of dividend growth or a high potential for dividend growth. The Fund’s investment manager is Brompton Funds Limited.
GDV - Global Dividend Growth Split Corp
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