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
Non-Standard Finance plc is a United Kingdom-based holding company. The Company is focused on branch-based lending. The Company provides unsecured credit to those that are either unable or unwilling to borrow from mainstream lenders. The Company operates through four segments: branch-based lending (Everyday Loans), guarantor loans (TrustTwo and George Banco), home credit (Loans at Home), and central (head office activities). Everyday Loans segment is specialized in unsecured branch-based lending to non-standard customers. The segment serves approximately 66,000 customers and it operates from a network of approximately 75 branches across the United Kingdom. The Company’s Loans at Home segment is a provider of unsecured home credit. The Company’s subsidiaries include S.D. Taylor Limited, Everyday Loans Holdings Limited, Everyday Loans Limited, Everyday Lending Limited, Non-Standard Finance Subsidiary Limited, Non-Standard Finance Subsidiary II Limited and other.
NSF - Non-Standard Finance PLC
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