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
Advanced Technology Co KSCP is a Kuwait-based shareholding company engaged in healthcare products trading; the installation and maintenance of equipment; the civil construction of healthcare facilities, and the investment of funds in investment securities through portfolio managers. The Company is active in the import, supply and maintenance of medical, laboratory, diagnostic, pharmaceutical, sterilization and disinfection, agriculture and veterinary products, as well as health and fitness and commercial kitchen equipment. The Company offers a range of equipment and supplies, hardware and software products to over 500 health care facilities in the region, and provides over 2000 products to customers both in public and private sectors.
ATCK - Advanced Technology Co KSCP
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