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
Schaffer Corporation Limited is an Australia-based diversified industrial and investment company. The Company’s operating divisions include automotive leather, group investments, and building materials. The Automotive Leather segment is a manufacturer and supplier of leather in the global automotive industry. The Group Investments segment includes the Company’s share of syndicated property, 100% owned investment property, investments in managed equity funds and direct investment in equity instruments. The activities of the segment include the leasing of office, factory and retail properties, the development and sale of property assets, funds management and general investing. The Building Materials segment comprises of Delta Corporation Limited, which produces and sells pre-cast and pre-stressed concrete elements.
SFC - Schaffer Corporation Ltd
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