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
Banque Saudi Fransi SJSC is a Saudi Arabia-based commercial bank. It operates through the following business segments: Retail banking, which incorporates private and small establishment customers’ demand accounts, overdrafts, loans, saving accounts, deposits, credit and debit cards, consumer loans, a number of forex products and auto leasing; Corporate banking, which incorporates corporate and medium establishment customers’ demand accounts, deposits, overdrafts, loans and other credit facilities and derivative products; Treasury, which incorporates treasury services, trading activities, investment securities, money market, Bank’s funding operations and derivative products, as well as Investment banking and brokerage, which offers investment management services and asset management activities related to dealing, managing, arranging, advising and custody of securities, retail investments products, corporate finance and international and local shares brokerage services and insurance.
1050 - Banque Saudi Fransi SJSC
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