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
VAM Investments SPAC BV is a Italy-based emerging-growth blank check company, also referred to as a special purpose acquisition company (SPAC). The Firm’s business purpose is to effect a merger, demerger, share exchange, asset acquisition, share purchase, reorganisation or similar business combination with, or acquisition of, a business or company. The Company focuses its search for a potential target business in the European Economic Area, Switzerland or the United Kingdom, in such as consumer products and services sector.
VAMS - VAM Investments SPAC BV
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