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
Dar Al Arkan Real Estate Development Company SJSC is a Saudi Arabia-based joint stock company engaged in the real estate sector. The Company operates in two segments: Sale of Developed Properties, and Leasing of Properties. The company operates through its subsidiaries which include Dar Al Arkan Properties (Real Estate) Company engaged in the development and acquisition of commercial and residential real estate; Dar Al Arkan Commercial Investment Company engaged in purchase and acquisition, leasing of real estate investments; Dar Al Arkan Sukuk Company engaged in real estate investments and development; Bawadi for Real Estate Company engaged in general construction, purchase and sale, leasing of real estate and property management; Iktifa Real Estate Company engaged in sale and purchase, acquisition, leasing of real estate and property management.
4300 - Dar Al Arkan Real Estate Development Company SJSC
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