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
Utilico Emerging Markets Trust plc is a United Kingdom-based investment company. The Company is an emerging market (EM) specialist fund focused on long-term total returns predominantly in infrastructure and utility investments. The Company’s investment objective is to provide long-term total return through a flexible investment policy that permits investing predominantly in emerging markets (EM) via infrastructure, utility, and related sectors. The Company’s investment policy is flexible, and its investments include water and waste, electricity, gas, telecommunications, ports, airports, service companies, rail, roads, any business with essential service or monopolistic characteristics, and infrastructure or utilities in emerging markets. The Company invests in various sectors, including information technology, materials, consumer discretionary, healthcare, industrials, communication services, energy, financials, consumer staples, utilities and real estate.
UEM - Utilico Emerging Markets Trust PLC
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