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
Commercial Bank of Kuwait KPSC is a Kuwait-based company engaged in the provision of banking, brokerage and investment banking services and products. The Bank offers its services through two segments: The Corporate and Retail banking segment provides a range of lending, deposit and related banking services to domestic and international corporate and individual customers, and the Treasury and Investment banking segment comprises of money market, foreign exchange, treasury bonds, asset management and brokerage services. In addition, the Bank also offers a range of fund management services through its Tijari Funds division, which covers Islamic fund and India fund. As of December 31, 2012, the Bank’s subsidiaries included Al Tijari Investment Company KSCC, which is engaged in investment banking, and Union Securities Brokerage Company KSCC, which operates in brokerage services.
CBKK - Commercial Bank of Kuwait KPSC
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