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 Massaleh Real Estate Co KSCP, a subsidiary of Kuwaiti Interests for Development Company KSCC, is a Kuwait-based company engaged in the real estate sector. The Company participates in public and private sector real estate projects and developments as an owner, broker and manager. The Company, along with its subsidiaries, is organized into the following business segments: Real estate Operations, which consists of the development, trading and leasing of real estate; Health Club Operations, which consists of the operations related to the Health Club; Project management and Feasibility Studies Operations, which includes project management, and Hotel Operations, which consists of operations related to hotels. The Company’s subsidiaries include Tameer Real Estate Investment Company KSCC and Lebanese Interest Company SAL, among others.
MREC - Al-Massaleh Real Estate Company KSCP
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