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
Injazzat Real Estate Development Co KSCP is a Kuwait-based entity which is primarily engaged in investment and real estate activities. The Company’s activities are organized into two main segments which include Domestic and International. Domestic segment concentrate in Kuwait and International segment concentrates in Kingdom of Bahrain, United Arab Emirates (UAE), Saudi Arabia, Qatar, Europe and United States of America (USA). The Company’s real estate investments and projects include property investments, office tower developments, owned and operated residential properties, retail developments, mixed-use commercial development, hospitality, and entertainment properties.
INJA - Injazzat Real Estate Development Co KSCP
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