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
Lorne Park Capital Partners Inc. is a Canada-based company, which is engaged in building a network of boutique investment management and wealth advisory firms to deliver investment solutions to investors, foundations, estates, and trusts. The Company’s wholly owned subsidiaries include Bellwether Investment Management Inc. (Bellwether) and Bellwether Estate and Insurance Services Inc. (Bellwether Estate). Bellwether is engaged in the provision of discretionary portfolio management services to Canadian investors, estates, trusts, endowments, and foundations. Bellwether Estate operates as an insurance agent corporation.
LPC - Lorne Park Capital Partners Inc
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