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
BlackRock TCP Capital Corp. is a specialty finance company. The Company is focused on direct lending to middle-market companies as well as small businesses. It lends to companies with established market positions and differentiated products and services. The Company’s investment objective is to achieve high total returns through current income and capital appreciation. It invests primarily in the debt of middle-market companies as well as small businesses, including senior secured loans, junior loans, mezzanine debt, and bonds. Its investment portfolio consists of approximately 136 portfolio companies. It invests in various industries, including aerospace and defense, airlines, automobiles, building products, capital markets, commercial services and supplies, communications equipment, construction and engineering, consumer finance, containers and packaging, distributors, electric utilities, health care technology, hotels, restaurants and leisure, insurance, Internet and catalog retail.
TCPC - BlackRock TCP Capital Corp
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