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
Al-Enmaa Real Estate Company KSCP, a subsidiary of Kuwait Finance House KSC, is a Kuwait-based company primarily engaged in Sharia-compliant real estate operations and investment activities within Kuwait and abroad. The Company’s activities in real estate include contracting, management, and maintenance of real estate. The Company also undertakes contracts to construct buildings and to carry out real estate; commercial, residential, industrial and touristic projects, as well as security of private and public real estate; transportation of funds and precious metals, in addition to maintenance of mechanical and electrical spare parts and building materials. The Company invests its surplus funds in direct equity investment, real estate and equity portfolios managed by specialist managers. As of April, 2013, the Company divested its stake in Tilal Salem Real Estate.
ENMA - Al-Enmaa Real Estate Company KSCP
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