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
Gulf Bank KSCP is a Kuwait-based public shareholding company engaged in the provision of banking, financial and investment services. The Bank is structured into two business segments: the Commercial Banking segment includes acceptance of deposits from individuals, corporate and institutional customers and providing consumer loans, overdrafts, credit card facilities and funds transfer facilities to individuals, as well as other credit facilities of corporate and institutional customers, and the Treasury & Investments segment provides money market, trading and treasury services, including foreign exchange, spot quotations and forwards and swaps, and the management of the Bank’s funding operation by use of treasury bills, government securities, placements and acceptances with other banks.
GBKK - Gulf Bank KSCP
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