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
Al Masaken International Real Estate Development Co KSCP (Masaken) is a Kuwait-based company engaged in the real estate development sector. The Company primarily is involved in the residential real estate projects development and services. Masaken invests in owning, developing and selling real estates.
MASKN - Al Masaken International Real Estate Development Co KSCP
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