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
XPS Pensions Group plc is a United Kingdom-based pensions consulting and administration company. The principal activity of the Company is employee benefits consultancy and related business services. Its product lines include Pensions Actuarial & Consulting, Pensions Investment Consulting, and Pensions Administration. Its Pensions Investment Consulting service is focused on helping schemes and members achieve their objectives and manage risk, thereby receiving outcomes and security in retirement. It works in partnership with defined benefit (DB) and defined contribution (DC) pension schemes, delivering independent advice and solutions. Its Pensions Administration services include scheme administration; first-time outsourcing and member communication; scam identification and protection; payroll services; pension scheme accounting; de-risking projects; technical consultancy; GMP equalization; data audits and cleansing; trustee secretarial services; and pension management services.
XPS - XPS Pensions Group PLC
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