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
Red Sea International Company SJSC is a Saudi Arabia-based entity which is primarily engaged in residential and commercial real estate services. The Company operates through three reportable segments which include Manufacturing and sale of non-concrete residential and commercial buildings, Rentals from investment properties, Manufacturing and sale of paints and related services. The Company’s activities also include manufacturing non-concrete residential units, general contracting, maintenance, construction of utilities and civil work, supply of food, provision of food services and trade of food products. In addition, the Company is also involved in manufacturing and sale of paints and providing related services. The Company has branches in Riyadh, Jeddah and two branches in Jubail.
4230 - Red Sea International Company SJSC
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