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
VPC Specialty Lending Investments PLC is a United Kingdom-based company, which provides asset-backed lending solutions to emerging and established businesses (portfolio companies) with the goal of building long-term, sustainable income generation. The Company is focused on providing capital to a segment of the economy, which for regulatory and structural reasons are underserved by the traditional banking industry. Among others, these segments include small business lending, working capital products, consumer finance and real estate. It offers shareholders access to a diversified portfolio of opportunistic credit investments originated by non-bank lenders with a focus on the rapidly developing technology-enabled lending sector. Through rigorous diligence and credit monitoring, it generates stable income with significant downside protection. The Company’s investment manager is Victory Park Capital Advisors, LLC.
VSLV - VPC Specialty Lending Investments PLC
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