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 Value Fund Limited is an Australia-based investment company. The Company is engaged in investment activities, deriving revenue from dividend income, interest income and from the sale of its investments. The Company provides shareholders with the opportunity to invest globally through a portfolio of securities purchased at a discount to their underlying asset value. The Company’s portfolio consists of closed-ended funds that are listed on various international exchanges as well as cash deposits denominated in domestic and foreign currencies. The Company’s investment manager is Mirabella Financial Services LLP.
GVF - Global Value Fund Ltd
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