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
Abdullah Saad Mohammed Abo Moati for Bookstores Company SJSC is a Saudi Arabia-based company, which operates within the commercial and professional services sector focusing on office services and supplies. It is engaged in retail and wholesale trading in prints, stationeries, school and office supplies, education supplies, art material, gifts and wrapping, paper supplies, printers, inks, computers and its accessories, children’s toys, export for the benefit of others. Its other activities include purchase of properties to invest and acquisition of lands to construct buildings on it for sale or lease.
4191 - Abdullah Saad Mohammed Abo Moati for Bookstores Company SJSC
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