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
Gowing Bros. Limited is an Australia-based investment company. The Company is engaged in investment and wealth management. The Company maintains and manages a diversified portfolio of assets, including long-term equity and similar securities, investment properties, managed private equity, property development projects, and cash. The Company’s segments include Cash and Fixed Interest, Equities, Private Equities, Investment Properties, Development Properties, Surf Hardware International Business, and Others. The Company’s objective is to provide maximum stakeholder benefit from the retention of a board and executive team by remunerating Directors and executives fairly and appropriately.
GOW - Gowing Bros. Ltd
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