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
Aqar Real Estate Investment Co KSCP is a Kuwait-based company engaged in the real estate development and investment activities. The Company provides a portfolio of real estate products and services, including buy and sell properties, leasing services and development services. The Company is engaged in three business segments: Real Estate segment manages the Company’s investment in real estate; Investments segment manages the Company’s investments in financial instruments, such as fixed deposits and available for sale, among others, and other segment includes all other activities of the Company. Its subsidiaries include Aqar Middle East Real Estate Company and Al Mirqab Capital Holding Company.
AQAR - Aqar Real Estate Investment Co KSCP
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