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
Al Ahli Bank of Kuwait KSCP (ABK) is a Kuwait-based public shareholding company engaged in the banking sector. The Bank provides its services and products through two segments: The Commercial banking segment provides a range of credit, deposit and related banking services to its commercial customers, and the Treasury and Investment segment comprises of money market, foreign exchange, treasury bonds, asset and surplus fund management, and investment securities. The Bank provides investment management and advisory services through its wholly owned subsidiary, Ahli Capital Investment Company KSC. In addition, the Bank also offers short message service (SMS) banking. The Bank operates through a network of 28 branches located across Kuwait, and two overseas branches in Dubai and Abu-Dhabi, the United Arab Emirates (UAE).
ABKK - Al Ahli Bank of Kuwait KSCP
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