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
GLG Corp Ltd is a Singapore-based textile and apparel supply chain manager of casual lifestyle knitwear apparel for United States and European retailers. The Company is principally engaged in supplying knitwear, apparel, garments, accessories like fabric facial masks and supply chain management operations. It operates through two segments: Fabric manufacturing and Garment. The Fabric manufacturing segment is engaged in the manufacture and wholesaling of fabric. The Garment segment is engaged in the manufacturing and wholesaling of garments. The Company offers a total solution package with an integrated one-stop service approach, from in-house product design and development, commercialization of orders, material management, production planning and control, to comprehensive post-manufacturing logistics solutions. Its subsidiaries include Ghim Li Global Pte Ltd, Ghim Li Global International Ltd, Escala Fashion Pte Ltd, Ghim Li International (S) Pte Ltd and AES (USA) Inc.
GLE - GLG Corp Ltd
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