Salam Everyone,
I just had a question on which purification method is correct to purify stocks?
Method 1: Multiplying the % not permissible by the capital gains
Method 2: Total Non-Permisslbe Income/Total Income multiplied by capital gains
Salam Everyone,
I just had a question on which purification method is correct to purify stocks?
Method 1: Multiplying the % not permissible by the capital gains
Method 2: Total Non-Permisslbe Income/Total Income multiplied by capital gains
There are three major opinions when it comes to purification:
We’ve covered one of the capital gains purification methods in our FAQs which you can read here. However, the method you described is also considered valid by some scholars since it’s much simpler to calculate. @Malak_Kudaimi also touched on this method in her article on the Zoya blog about purifying retirement accounts (link below).