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
Victory Capital Holdings, Inc. is a diversified asset management firm. The Company is focused on providing specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors. It has approximately 12 autonomous investment franchises and a solutions platform, Victory Capital, which offers a range of investment products, including actively and passively managed mutual funds, rules-based and active exchange traded funds (ETFs), institutional separate accounts, variable insurance products (VIPs), Environmental, Social, and Governance (ESG) and impact investment strategies, alternative investments, private closed end funds, and a 529 Education Savings Plan. It also offers its Victory Capitals strategies through third-party investment products, including mutual funds, third-party ETF model strategies, retail separately managed accounts (SMAs) and unified managed accounts (UMAs). Its investment adviser is Victory Capital Management Inc.
VCTR - Victory Capital Holdings Inc
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