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
IFA Hotels and Resorts Co KSCP is a United Arab Emirates-based company, which is engaged, together with its subsidiaries, in the development of mixed-use hotel and residential resort projects as well as leisure services. The Company operates under the following business segments: property development, hoteliering, investments and others. The Company is mainly engaged in: developing, managing and marketing hotels and resorts; purchasing, selling and developing real estate and land; providing and presenting studies and consultations on all types of real estate issues; performing maintenance services relating to buildings and real estate owned; preparing real estate auctions; holding and managing commercial and residential complexes, as well as direct participation in the establishment of building foundations for residential, commercial, maintenance, touristic, urban, and athletic buildings, among others.
IFAH - IFA Hotels and Resorts Co KPSC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.