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
Mirvac Group is an Australia-based property company that is engaged in property investment for the purpose of deriving rental income and investments in unlisted funds. It owns and manages assets across the office, industrial, retail and build to rent sectors. The Company’s residential properties include houses, apartments, townhouses and land. Its portfolio of office properties includes 101-103 MILLER STREET in North Sydney New South Wales; 7-23 SPENCER STREET in Melbourne; 40 MILLER STREET in North Sydney; 10-20 BOND STREET in Sydney, and SOUTH EVELEIGH PRECINCT in Eveleigh, among others. Its portfolio of industrial properties includes HOXTON DISTRIBUTION PARK HOXTON PARK in south-west of Sydney; 8 BRABHAM DRIVE in Huntingwood; 274 VICTORIA ROAD in Rydalmere, and 34-38 ANZAC AVENUE in Smeaton Grange, Australia. Its portfolio of retail properties includes BIRKENHEAD POINT BRAND OUTLET in Drummoyne, and COOLEMAN COURT in in Weston, Australia.
MGR - Mirvac Group
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