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
AYYAN Investment Co. SJSC, formerly Al-Ahsa Development Co. SJSC, is a Saudi Arabia-based company, primarily engaged in general construction of non-residential buildings including schools, hospitals, hotels etc. The main activities of the Group are categorized into three main business sectors, the medical services sector which focuses on establishing, maintenance and operating hospitals, medical centers, government and private dispensaries; the manufacturing sector specializes in production of dates , derivatives manufacturing , establishing cold stores , wholesaling and retailing in food products Company specializing in the production and packaging of dates; and Investment sector includes industrial investment, service investment, investing in securities, real estate investment and medical investment. The Company operates approximately four subsidiaries.
2140 - AYYAN Investment Co SJSC
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