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
Tourism Enterprise Company SJSC (Shams) is a Saudi Arabia-based company, which is primarily engaged in the hotels and resorts management operations. The Company is involved in managing business and tourism buildings including, chalets, motels, hotels, parks, restaurants, cities, playgrounds, swimming pools, rest houses, central service stations, and all services that lodges need. The Company operates Palm Beach Tourist Resort, which is the only tourism project of the Company.
4170 - Tourism Enterprise Company SJSC
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