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
Gresham House Renewable Energy VCT 1 plc (VCT) is a United Kingdom-based venture capital trust that is invested in a portfolio of renewable energy projects in the United Kingdom, which it co-owns with Gresham House Renewable Energy VCT 2 plc. It seeks to invest in a portfolio of unquoted companies that specialize in long-term renewable energy projects. Its principal objective is to manage the VCT with the intention of realizing the sale or monetization otherwise of all remaining assets in the portfolio. It has invested in a portfolio of renewable energy generating assets that are mature, generating electricity and earning revenues both from the sale of electricity and from government incentives to support the development of renewable energy generation capacity, including feed-in tariffs and renewable obligation certificates. Gresham House Asset Management Limited is the Investment Adviser to the VCT.
GV1O - Gresham House Renewable Energy VCT 1 plc
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