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
Pender Growth Fund Inc. is a Canada-based diversified investment company, which is focused on holding interests in businesses principally in the technology sector. The Company’s investment objective is to achieve long-term capital growth. The Company invests opportunistically in the securities of both public and private companies. In seeking long-term capital appreciation, the manager, on behalf of the Company, thoroughly evaluates the business prospects of each portfolio Company over a long-term investment horizon. It primarily invests in public and private companies based primarily in Canada and the United States. It is also focused on investing globally depending on opportunity. The Company utilizes its small capital base and long-term horizon to invest in situations, primarily small cap, special situations, and illiquid public and private companies.
PTF - Pender Growth Fund Inc
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