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
National Company for Learning and Education SJSC is a Saudi-based company, which is engaged in acquiring, building, and managing educational facilities, such as primary, elementary, and secondary schools and investment in sports, entertainment, and sport clubs for the students. The Company’s business segments are Al Rayan School, Al Rawabi School, Al Nuzha School, Qurtuba School, Bureydah School, Al Khawarizmi School, Al Ghad School, Al Qairwan School, Al Aridh School and Other. The Company’s wholy owned subsidiaries include Al Khawarizmi Educational Company and Al Ghad National Schools Company, and Rafan operation and Maintenance Company. The company offers Saudi national curriculum, as well as the International American Curriculum. The Company operates approximately 18 branches.
4291 - National Company for Learning and Education SJSC
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