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
Arzan Financial Group for Financing and Investment KPSC, formerly International Finance Co KSCC, is a Kuwait-based public shareholding company engaged in the provision of consumer installment credit facilities and investments. The Company is organized, along with its subsidiaries, into four business segments: Installment credit, Investment, Real Estate and Brokerage. The Company’s services include Auto and Car financing, which offers loans to purchase used or new cars; Electronics and Electrical appliances financing offers loans for personal computers and other electronic products; Financing purchase of Boats, Yachts and Marine Equipment; Furniture & equipment financing offers loans to purchase furniture and renew old furniture and replace it with luxurious furniture, and Personal Finance Loan. The Company’s subsidiaries include Al-Addan Real Estate Co WLL, International Finance Company SAL and Addan International for Collection WLL.
ARZA - Arzan Financial Group for Financing and Investment KPSC
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