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
LDB Capital Corp. is a Canada-based capital pool company (CPC). The principal business of the Company is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The Company intends to pursue a qualifying transaction in the mining, technology, or industrial sector. The Company consider acquisitions of assets or businesses operated or located both inside and outside of Canada, as permitted by the CPC Policy. The Company neither engaged in any operations nor generated any revenues.
LDBp - LDB Capital Corp
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