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
Privatization Holding Company KSCC is a Kuwait-based company engaged in the provision of financial, administrative, and technical consulting services related to investment and privatization projects. The Company is organized into two business segments: the investment segment covers trading in equities, including investment in associates and other strategic investments, and the other segment represents non-investment services, and general trading and contracting. The Company also invests in real estate, holds several patents and copyrights, participates in government-owned infrastructure projects, and advances loan facilities to associated companies. Its investments are diversified across industry sectors such as industrial, oilfield services, financial services, power and utilities, infrastructure, transportation, healthcare, and technology. Its subsidiaries include Global Projects Holding Company KSC, Specialized Environmental Services Company WLL, among others.
KPPC - Privatization Holding Co KPSC
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