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
RiverFort Global Opportunities plc is a United Kingdom-based investment company. The Company is principally focused on investing in junior listed companies by way of debt or equity-linked debt investments. It invests by providing equity-linked debt funding to public and private small cap growth companies in the technology, natural resources, energy, financial, healthcare, property and specialist industry sectors. The Company is focused on filling junior company funding gap. It seeks to secure downside protection by focusing on investing in companies using convertible, mezzanine, senior debt, and royalty/long term income instruments. The Company’s investment portfolio is divided into categories, which includes Debt and equity- linked debt investments, /pre-Initial public offering (IPO) investments, Equity and other investments, and Cash resources. RiverFort Global Capital Limited is the investment adviser of the Company.
RGO - Riverfort Global Opportunities PLC
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