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
Spiritus Mundi PLC is a United Kingdom-based special purpose acquisition company (SPAC). The Company is formed to seek acquisition opportunities in the healthcare services sector focusing primarily on pathology and laboratory testing, clinical diagnostics, and digital health. The Company seek acquisition targets in Europe and Asia in the clinical diagnostics sector to include clinical laboratory services (clinical lab), clinical diagnostics (PCR and blood test), and digital health (healthcare IT platform). The Company neither engaged in any operations nor generated any revenues.
SPMU - Spiritus Mundi 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.