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
Minaean SP Construction Corp. is a Canada-based company engaged in the business of providing general contracting to the construction industry with a specialty in Light Gauge Steel Quik-Build Systems. The Company also provides a variety of contracting services, including consulting on large scale construction projects, engineering, procurement, construction and design-build capabilities in the residential, commercial, industrial, healthcare, and hospitality sectors. Its Light Gauge Steel technology is a cold formed galvanized steel that comes in a coil form and is used to produce a range of uniform shapes and products. Its Artisan Quik-Build System is a building technology that uses an engineered floor and steel framed wall system to construct buildings. Its Modular Quik-Build System is a specific prefabricated system of constructing a building in modules in a factory. Its Vesta Quik-Build System utilizes corrugated load-bearing Light Gauge Steel panels.
MSP - Minaean SP Construction Corp
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.