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
Perella Weinberg Partners is an independent advisory firm that provides strategic and financial advice to clients across a range of industry sectors and international markets. The Company’s activities as an investment banking advisory firm constitute a single business segment. It provides advisory services to a range of clients, including large public multinational corporations, mid-sized public and private companies, individual entrepreneurs, private and institutional investors, creditor committees and government institutions. Its business provides services to multiple industry sectors and geographic markets through a range of advisory service offerings. Its primary areas of industry focus include consumer and retail; energy; financial institutions; healthcare; industrials; and technology, media and telecommunications. It provides a range of advisory services, including advice related to mission-critical strategic and financial decisions, mergers and acquisitions execution and others.
PWP - Perella Weinberg Partners
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