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
Kuwait Resorts Company KPSC is a Kuwait-based company that focuses on the real estate and hospitality business, and investment in shares and bonds of companies, which are active in real estate business inside and outside Kuwait, in accordance with the Islamic sharia principles. The Company is engaged in operating, investing in and renting hotels, motels, clubs, resorts, parks, exhibitions, restaurants, commercial complexes and sport clubs; purchase, sale and development of real estate and properties; property management, owning & trading in real estate share and bonds for its account inside and outside Kuwait, and preparing studies & offering consultations in all types of real estate fields. The Company operates in two business segments: Hotels and Investment. The Company owns a hotel, Hilton Kuwait Resort.
MUNK - Kuwait Resorts Company KPSC
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