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
Kuwait National Cinema Company KPSC is a Kuwait-based public shareholding company that operates in the entertainment industry. The Company focuses on all activities related to the cinema industry, entertainment and cultural events, as well as invests its available excess funds through investment portfolios. The Company is organized, along with its subsidiaries, into three business segments: the Cinema segment covers all activities related to cinema shows; the Concession segment covers all activities related to concessions supplemented to theaters, and the Investment segment represents investments in shares and funds, in addition to investment properties. The Company operates two wholly owned subsidiaries, including International Film Distribution Company KSCC, which is engaged in publishing and film distribution, and Al Kout Film Production and Distribution Company SAE, which is engaged in the production and film distribution.
KCIN - Kuwait National Cinema Company KPSC
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