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
Knowledge Economic City Co SJSC is a Saudi Arabia-based joint stock company engaged in the real estate development sector. The Company operates, along with its subsidiaries, in the development of real estates and economic cities, including infrastructure, telecommunication networks, power plants, water treatment plants and other works related to the development of economic cities. The Company owns a land property in Madina al Munawarrah. The Company’s subsidiaries include Knowledge Manshaat Real Estate Company Ltd. (Manshaat), Knowledge Masharee Real Estate Company Ltd. (Masharee) and General Madrar Company for Construction Ltd. In November, 2013, the Company completed the purchase and transfer of Savola Group SJSC’s share amounting to 80 % of the 2,026,245 square meters land located in Al Madinah Al Munawwarah.
4310 - Knowledge Economic City Company SJSC
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