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
KFH Capital REIT is a Kuwait-based Sharia compliant real estate investment traded fund that is managed by KFH capital investment company. The fund provides real estate opportunities for those wishing to invest in the real estate sector through investing in various real estate properties including, residential, commercial, industrial and craft. The Fund utilizes excess cash in deposits or money market funds or income-generating real estate funds that are Sharia compliant.
BAITAKREIT - KFH Capital REIT
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.