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
Al Kathiri Holding Company SJSC is a Saudi Arabia-based company primarily engaged in supplying building materials. The Company, through it’s affiliates and subsidiaries, operates in four sectors; Supplying, Transportation, distribution and selling of Cement sector, which deals with the sale, transport and distribution of cement and basic construction material (gravel and various sand types) for local markets in all regions of Saudi, with core focus on markets in both central and western regions; Production & Sale of Ready-mix Concrete sector, which r is responsible for the production and sale of ready-made concrete through AlKathiri Holding Concrete Factory; Production of Three-dimensional concrete panels sector, which is engaged in the Three dimension (3D) concrete panels production, and Real Estate Development sector , which is engaged in real estate activities.
3008 - Al Kathiri Holding Company SJSC
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