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
Grayscale Zcash Trust (ZEC) (Trust) is a passive investment vehicle, which is managed and administered by the Sponsor. The Trust’s purpose is to hold Zcash (ZEC), which are digital assets that are created and transmitted through the operations of the peer-to-peer Zcash Network, which is a decentralized network of computers that operates on cryptographic protocols. The Trust’s investment objective is for the value of the shares to reflect the value of ZEC held by the Trust, less expenses, and other liabilities. It also engages in administrative and security procedures necessary to accomplish activities in accordance with the provisions of the trust agreement, the custodian agreement, the index license agreements, and the participant agreements. The Trust serves customers in sectors, such as mining, investment and speculative, retail, and service sector.
ZCSH - Grayscale Zcash Trust (ZEC)
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