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
Mubarrad Holding Co KSCP, formerly known as Mubarrad Transport Co KSCP is a Kuwait-based public shareholding company engaged in logistics and transportation services within Kuwait and the Middle East. The Company’s activities include establishing, preparing and managing warehouses; customs handling, and trading and representing agencies dealing with handling and marine transportation equipment. Its services are structured into five main divisions, namely Land Transport, which offers land transport solutions through a fleet of 1000 trucks and heavy equipments; Heavy Equipment Leasing and Sale; Maintenance Workshop, which provides maintenance services to all kind of trucks and semi-trailers; Truck Body Manufacturing and Fabrication, which manufactures body of all kind of trailers and semi-trailers, and Shipping/Warehouses offers shipping and storage services through its affiliated companies.
MBRD - Mubarrad Holding Co KSCP
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