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
Innlanz Limited is an Australia-based retail company. The Company operates a retail business, with retail outlets in Australia and New Zealand, which is focused on serving inbound Chinese tourists, who typically visit the outlets during an organized group tour. The Company operates through two segments: retailer servicing the Chinese inbound tourism sector in Australia and New Zealand; and – hotel operations. The Company operates the Heartland Ambassador Hotel in Hamilton, New Zealand.
INL - Innlanz Ltd
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