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
Golden Prospect Precious Metals Limited is a Guernsey-based closed-ended investment company. The Company’s investment objective is to generate above average returns for shareholders primarily through the capital appreciation of its investments. The Company invests in precious metals securities, which are principally listed on the stock exchanges of London, New York, Toronto and Sydney. The Company invests in Canada, Australia, the United States, United Kingdom and Mexico. The Company’s alternative investment fund manager is CQS (UK) LLP.
GPM - Golden Prospect Precious Metals Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.