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
Combined Group Contracting Company KSCP is a Kuwait-based company engaged in the construction industry sector. The Company’s activities include general contracting, mechanical and engineering works, construction of industrial and commercial buildings, bridges, and highways; manufacture and import of building materials; trade and packaging of cement, sand and related materials; ready-mix works; asphalt production; owning the transportation intermediaries for the Company’s activities, and the investment of excess funds in portfolios managed by specialized companies. The Company operates mainly in the State of Kuwait and other Gulf countries. The Company’s subsidiaries include Combined Group for Trading and Contracting Co WLL, Combined International Real Estate Company KSCC and Combined Group Factories Company WLL, among others.
CGCK - Combined Group Contracting Company KSCP
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