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
360 Capital Enhanced Income Fund is an Australia-based investment and funds management company. The Company invests directly in corporate loans to middle market Australian and New Zealand borrowers. It operates predominantly in Australia and New Zealand investing across three strategies: Real Assets, Private Equity and Credit. Its objective is to provide investors with regular quarterly distributions and the opportunity for capital growth. The Capital investments are actively managed, supporting management teams with implementation of growth strategies and operational efficiency to realize value. Private equity investments are made available to wholesale investors only. Its private credit strategy aims to deliver investors regular income with a focus on capital preservation. Through active origination, in depth due diligence and analysis and rigorous ongoing portfolio management, private credit delivers investor superior risk adjusted returns.
TCF - 360 Capital Enhanced Income Fund
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