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
Arabi Group Holdings KSCP is a Kuwait-based public shareholding company engaged in investment activities primarily in retail, engineering, electrical and landscaping operations. The Company’s activities include owns stocks and shares in Kuwaiti or non-Kuwaiti companies, industrial rights, such as patents, industrial trademarks and royalties inside and outside the State of Kuwait, and real estate and movable property to conduct its operations; participates in the establishment and management of companies, and lends money to companies in which the Company owns shares. The Company operates through a network of subsidiaries include, among others, Arabi Company WLL and Arabi Engineering and Mechanical Works Company WLL, which are engaged in trading activities, including purchase, sale, rent, import and export of technical equipment, such as spare parts of machinery, vehicles and tools for garages and carpentries, and Arabi Enertech Co. KSCC.
AGHC - Arabi Group Holdings KSCP
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