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
TDb Split Corp. is a Canada-based company, which invests primarily in common shares of the Toronto-Dominion Bank (TD Bank). The Company offers two types of shares: Priority Equity shares and Class A shares. The investment objectives of Priority Equity shares are to provide holders of priority equity shares with cumulative preferential monthly cash dividends. The investment objectives of Class A shares are to provide holders of Class A shares with regular monthly cash dividends. The investment manager of the Company is Quadravest Capital Management Inc.
XTD - TDb Split Corp.
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.