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
NAOS Small Cap Opportunities Company Ltd is an Australia-based investment company. The Company invests primarily in a concentrated portfolio of emerging Australian listed equities with the objective of providing investors with exposure to small-cap industrial companies, with a long-term value focus. The Company seeks to protect investor capital while providing a stream of franked dividends and long-term investment performance above the index, being the S&P/ Australian Securities Exchange (ASX) Small Ordinaries Accumulation Index (XSOAI). NAOS Asset Management Limited is the investment manager of the Company.
NSC - NAOS Small Cap Opportunities Company Ltd
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