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
Inma Holding Co, formerly Islamic Holding Group (Q.P.S.C.), is a Qatar-based Islamic brokerage company, which provides all brokerage services according to Islamic Shari’a provisions, The Company operates in following segments: Brokerage, Real estate and Others. The Brokerage segment includes financial brokerage services. The Real estate segment provides property management, marketing and sales services for real estate. The Other segment represents holding company, which provides corporate services to the subsidiaries. The Company’s subsidiaries include: Islamic Financial Securities Co and Ajyad Real Estate Co.
IHGS - Inma Holding Co
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