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
Springfield Properties plc is a United Kingdom-based housebuilder in Scotland focused on delivering private and affordable housing. The Company operates through a housing building activity segment. The Company delivers private housing on developments of various sizes across key markets in Scotland under its Springfield, Dawn Homes, Walker Group and Tulloch Homes brands. The Company’s private housing offering includes standalone village developments, each with up to 3,000 plots. In contract housing, it provides development services to third party private organizations (compared with affordable housing where it services are delivered to local authorities, housing associations or other public bodies). Its developments include Ardersier, Blairgowrie, Dornoch, Dundee, Dunfermline, Elgin, Forres, Gartcosh, Inverness, Milnathort, Strathkinness, Pool of Muckhart, Highlands and others.
SPRSP - Springfield Properties PLC
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