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
Henderson EuroTrust plc is a United Kingdom-based investment company. The Company’s investment objective is to achieve a superior total return from a portfolio of European (excluding the United Kingdom) investments. It invests predominantly in large and medium-sized companies, which are perceived to be undervalued in view of their growth prospects or on account of changes in management or structure. The Company’s portfolio of investments includes various sectors, including pharmaceuticals and biotechnology, food producer, automobiles and parts, banks, industrial engineering, insurance, financial services, mobile telecommunications, luxury goods, software and computer services, personal goods, gas water and multiutilities, drug and grocery, finance and credit services, travel and leisure, technology hardware and equipment, retailer, and software and computer services. Janus Henderson Fund Management UK Limited serves as an alternative investment fund manager for the Company.
HNE - Henderson Eurotrust PLC
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