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
Eskan Bank Realty Income Trust is a Bahrain-based Shariah compliant Real Estate Investment Trust (REIT). It is engaged in the acquisition, ownership and maintenance of income generating real estate assets. The Company’s portfolio includes: Danaat Al Madina, located in Isa town and Segaya Plaza, located in Segaya, Manama. Danaat Al Madina is a mixed-use development that is comprised of retail, office and residential units. Segaya Plaza is a commercial and residential development that contains retail outlets on the ground and mezzanine floors, with over 100 residential units above. Segaya Plaza’s residents are offered the following amenities: swimming pool, roof terrace, gymnasium, as well as sauna and steam room. Private parking is provided above the ground floor for residents, while a dedicated ground floor parking is provided for commercial tenants and customers.
EBRIT - Eskan Bank Realty Income Trust
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