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
Lycopodium Limited is an Australia-based company that provides integrated engineering, construction and asset management solutions. The Company delivers complex, multidisciplinary projects through the provision of feasibility studies and advisory services across the resources, infrastructure and industrial processes sectors. Its segments include Minerals, Process Industries and Project Services-Africa. The Minerals segment consists of engineering and related services provided to the extractive mining industry. The Project Services-Africa segment consists of project management, construction management and commissioning services provided to the extractive mining industry in Africa. The Process Industries segment consists of engineering and related services provided to manufacturing and renewable energy facilities throughout Australia and South East Asia. Its services include Feasibility Studies and Advisory, Process Development and Optimization, Engineering and Design, and other.
LYL - Lycopodium Ltd
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