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
Northview Fund is a Canada-based closed-end fund. The Fund is focused on indirectly acquiring, owning, and operating a geographically diversified portfolio comprised of income producing multi-residential suites, commercial real estate, and execusuite. Its portfolio is located primarily in secondary markets in British Columbia, Alberta, Saskatchewan, Qubec, New Brunswick, Newfoundland and Labrador, the Northwest Territories, and Nunavut. The Fund operates through two segments: multi-residential segment and commercial and execusuite segment. Its multi-residential segment is comprised of apartments, townhomes, and single-family rental suites, for which rental contracts are typically twelve months. Its commercial and execusuite segment is comprised of office, industrial, and retail properties primarily in areas where the Fund has residential operations, and execusuite properties that offer apartment-style accommodation.
NHF - Northview Fund
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