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
Quest for Growth NV, formerly Quest for Growth Privak SA is a Belgium-based closed-end investment vehicle that focuses on European technology-based growth companies covering such sectors as life sciences, information technology, software, semiconductors, telecom, electronics, new materials and special situations in other growth sectors. The Company invests in growth companies with the objective of converting capital gains into tax-free income through the Privak structure, an investment vehicle specially tailored to provide a framework for investments in private equity and in growth companies.
QUFG - Quest for Growth NV
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