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
Dubai Financial Market PJSC (DFM) is a United Arab Emirates-based public shareholding company engaged in the financial market sector. The Company operates Dubai Stock Exchange and related clearing house; carries out investment activities on its own behalf; trades in financial instruments; acts as a commercial, industrial and agricultural holding and trust company; offers financial investment consultancy services, and deals in local and foreign shares and bonds brokerage. The Government of Dubai, through Borse Dubai Limited, owns 79.63% of DFM. The Company holds 67%-stake in NASDAQ Dubai Limited, which is active in the electronic financial market sector. DFM conducts its business operations in accordance to the Islamic Sharia principles.
DFM - Dubai Financial Market PJSC
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