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 Safat Investment Company KSCC is a Kuwait-based public shareholding company engaged in diversified investment activities and services in accordance to Islamic Sharia principals. The Company invests in energy, real estate, health, takaful insurance, information and technology, travel and tourism, food and consumer products, education, and Industrial sectors. In addition, it is also engaged in establishing, developing, and restructuring companies. The Company offers brokerage, lending, consultation and market studies, investment funds and portfolios management, in addition to other related services. It has investments in subsidiaries, namely Al Safat Holding Company KSC, Al Safat Holding Company BSC, Safat House for General Trading Company WLL, Al Safat Tourism and Travel Company KSC and Safat House for Consultancy KSC.
ALSAFAT - Al Safat Investment Company KSCP
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