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 III Limited is a United Kingdom-based acquisition vehicle. The Company is 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’s objective is to generate attractive long-term returns for shareholders and to enhance value by supporting sustainable growth, acquisitions and performance improvements within the acquired companies. The Company is focused on various sectors, including automotive and transport; clean technology; consumer and luxury goods; banking & fintech; insurance, reinsurance and insurtech and other vertical marketplaces; media and entertainment; healthcare and diagnostics, and business-to-business services. The Company’s wholly owned subsidiary is MAC III (BVI) Limited.
MAC3 - Marwyn Acquisition Company III Ltd
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