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
SpaceandPeople plc is a United Kingdom-based company. The Company is the retail, promotional and brand experience specialist, which facilitates and manages the sale of promotional and retail merchandising space in shopping centers and other footfall venues. The principal activity of the Company is marketing and selling of promotional and retail licensing space on behalf of shopping centers, retail parks, railway stations and other venues throughout the United Kingdom and Germany. It serves a range of clients, including shopping center, railway station and retail park clients. It operates under two segments: Promotional Sales and Retail. It helps consumer brands to promote products through direct consumer engagement with experiential marketing events. It offers promotion of businesses in various ways, including its Mobile Promotions Kiosks (MPKs). It is engaged in offering locations and solutions to retail clients for retailing needs. Its subsidiary is McPherson & Valentine Limited.
SAL - Spaceandpeople PLC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.