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
Marwyn Acquisition Company II Limited is a United Kingdom-based acquisition vehicle. The Company has been formed for the purpose of effecting a merger, share exchange, asset acquisition, share or debt purchase, reorganization or similar business combination with one or more businesses. The company is pursuing its stated investment strategy of seeking acquisition opportunities in the financial services, consumer and technology sectors. The Company intends to execute its strategy through a combination of selective M&A of platform and bolt-on businesses, potential strategic partnerships with established financial services operators, as well as ongoing operational improvements in any acquired businesses. The Company’s wholly owned subsidiary is MAC II (BVI) Limited.
MAC2 - Marwyn Acquisition Company II Ltd
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