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
Morningstar, Inc. is a provider of independent investment insights in North America, Europe, Australia and Asia. The Company operates through three segments: Data and Analytics, Asset and Index Solutions and Credit Ratings and Solutions. Data and Analytics provides investors with data, research and insights, and investment analysis to empower investment decision-making. Asset and Index Solutions offers investors by creating investable solutions and strategies to build portfolios based on Morningstar intellectual property. It consists of a variety of offerings, such as managed portfolios, advisor tools and platforms, managed retirement accounts, fiduciary services, retirement platforms, and indexes to be used as performance benchmarks and for the creation of index-linked products such as exchange-traded funds. Credit Ratings and Solutions provides investors with credit ratings, research, data, and credit analytics solutions. It operates through its subsidiaries in 32 countries.
MORN - Morningstar Inc
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