Closing

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* Note on Purification and Zakat

  • 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

Grayscale Stellar Lumens Trust (XLM) is a statutory trust. The Trust’s investment objective is for the value of the Shares (based on XLM per Share) to reflect the value of XLM held by the trust, less the trust’s expenses and other liabilities. The Company provides a secure structure to gain exposure to XLM. The Trust may also receive incidental rights (IR) virtual currency as a result of the Trust’s investment in XLM, in accordance with the terms of the trust agreement. The Trust is also engaged in all administrative and security procedures necessary to accomplish such activities in accordance with the provisions of the trust agreement, the custodian agreement, the index license agreement and the participant agreements. Its sponsor is Grayscale Investments, LLC.