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 Horizen Trust (Zen) (the Trust) is an investment vehicle. The Trust holds ZEN, which is a type of virtual currency and, from time to time, issues baskets of shares in exchange for deposits of ZEN. It distributes ZEN in connection with redemption baskets. The investment objective of the Trust is for its shares to reflect the value of ZEN held by the Trust, as determined by reference to a ZEN index price, less the Trust’s expenses and other liabilities. The Trust may also hold incidental rights and/or IR virtual currency in accordance with the terms of the Trust Agreement. The Trusts does not generate any income.
HZEN - Grayscale Horizen Trust (Zen)
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