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 and Gulf Link Transport Co KPSC is a Kuwait-based company engaged primarily in the logistics and land transportation business. The Company’s activities include general cargo and stevedoring services at sea ports, container terminal operations, general cargo transport and handling services, container transport and handling services, heavy equipment lease services, heavy lift transport services, international overland passenger services, fuel haulage services, municipal service and cleaning services. It is equipped with such transportation fleet as low-beds, flatbeds, heavy equipment trailers, tippers, cranes, and fuel and water tankers. The Company’s main transportation products include manufactured goods, consumables, bulk liquids, petroleum, chemicals, raw materials, project cargos, wide loads, and heavy equipment within Kuwait, Gulf Cooperation Council (GCC) and Middle East countries.
KGLK - Kuwait and Gulf Link Transport Company KPSC
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