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
Jiyad Holding Co KSCP, formerly Zima Holding Co KSC, is a Kuwait-based holding company. The Company owns stocks and shares in Kuwaiti or non-Kuwaiti companies, and shares in Kuwaiti or non-Kuwaiti limited liability companies, and participates in the establishment of, lending to and managing of these companies and acting as a guarantor for these companies. It lends money to companies in which it owns approximately 20% or more of the capital of the borrowing company, along with acting as guarantor on behalf of these companies. It owns industrial equities such as patents, industrial trademarks, royalties, or any other related rights, and franchises them to other companies or uses them within or outside Kuwait. Furthermore, it owns real estate and movable property to conduct its operations within the limits as stipulated by law. In addition, it invests surplus funds in investment and real estate portfolios managed by specialized companies.
JIYAD - Jiyad Holding Co KSCP
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