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
Jazeera Airways Co KSCP is a Kuwait-based public shareholding company engaged in the business of air transportation and commercial passenger services. The Company operates in two business segments: Passenger airline service and Leasing of aircraft. The Company operates a fleet of Airbus A320 aircrafts flying to 18 destinations across the Middle East, including Dubai, Bahrain, Beirut, Alexandria, Amman, Damascus, Istanbul, Sharm El Sheikh, Assiut, Aleppo, Deir Ezzor, Luxor, Mashhad, Sohag, Jeddah, Riyadh, Kuwait and Cairo. The Company has two wholly owned subsidiaries, Al Sahaab Aircraft Leasing Company WLL, a Kuwait limited liability company engaged in leasing of aircraft and engines, and Sahaab Aviation LLC (Trustor).
JAZK - Jazeera Airways Co KSCP
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