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
Gulf Cable and Electrical Industries Co KPSC is a Kuwait-based company engaged in the manufacture and supply of electrical cables and related products in Kuwait and abroad. The Company is active in two segments: manufacturing and investment. In addition, the Company invests its surplus funds in investment portfolios. The Company’s products include Medium Voltage Power Cables up to 30 Kilovolts; Low Voltage Power Cables 600/1000 volts; Control Cables 600/1000 volts, Telephone, Communication & Instrumentation Cables; Bare Conductors for Overhead Lines; Earthing Conductors, Polyvinyl chloride (PVC) or XLPE Insulated Conductors, and Domestic Applications/Internal Wiring. The Company operates through its 94.5%-owned subsidiary, Gulf Cable and Multi Industries Company JSC, Jordan.
CABL - Gulf Cables and Electrical Industries Group Co KSCP
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