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
LawFinance Limited is an Australia-based provider of financing solutions for the legal industry in the United States. The Company delivers specialist funding. The Company, through its National Health Finance DM, LLC (NHF) operates a medical lien funding business in the United States. NHF is a provider of financing solutions for personal injury victims throughout the United States, with a network of medical practitioners and legal firms. The Company also provides a funding solution for the victim of a motor vehicle accident by facilitating access to medical care. The Company provides access to medical treatment for the injured party, liquidity to medical providers and a reduced administrative burden for the case lawyers. NHF enables the patient to access premium care without the need for personal insurance coverage.
LAW - Lawfinance Ltd
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