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
The Investment Company PLC is a United Kingdom-based investment trust company. The Company’s investment objective is to protect the purchasing power of its capital in real terms, and to participate in enduring economic activities, which lend themselves to genuine capital accumulation and wealth creation. The Company seeks to acquire and hold, with no predetermined investment time horizon, a collection of assets which, in the Directors’ judgment, are well-suited to the avoidance of a permanent loss of capital. These assets comprised of minority participation in the equity, debt or convertible securities of quoted businesses. The Company’s wholly owned subsidiaries are Abport Limited, which is an investment dealing company and New Centurion Trust Limited, which is an inactive investment company.
INVM - Investment Company PLC (THE)
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