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
Northfield Capital Corporation holds interests in the resource, manufacturing and technology sectors. The Company is focused on making strategic investments in, and supporting the management initiatives of, selected businesses. It also carries on other traditional merchant banking activities, such as short-term investing. The Company’s wholly owned subsidiary is 2756189 Ontario Inc.
NFDa - Northfield Capital Corp
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