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
Virtu Financial, Inc. is a holding company. The Company is engaged in providing financial services that leverage cutting-edge technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. Its segments include Market Making and Execution Services. The Company provides its clients with a product suite, including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Its product offerings allow its clients to trade on hundreds of venues across over 50 countries and in multiple asset classes, including global equities, Exchange Traded Funds (ETFs), options, foreign exchange, futures, fixed income, cryptocurrencies, and myriad other commodities. Its integrated, multi-asset analytics platform provides a range of pre-and post-trade services, data products and compliance tools that its clients rely upon to invest, trade and manage risk.
VIRT - Virtu Financial Inc
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