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
Munshaat Real Estate Projects Co KSCP (Munshaat) is a Kuwait-based company engaged in real estate activities and operations within Kuwait and abroad. The Company’s activities mainly focus on the local and international real estate industry through development and management of real estate products. In addition, the Company contributes in the investment projects through Build-Operate-Transfer (BOT) basis. The Company’s projects include Zamzam Tower and Bakka Tower in Mecca and Dar Al-Qeblah in Madina. The Company’s subsidiaries include Munshaat for Projects and Contracting Company WLL, Al Reyada Real Estate Financial Centre Company WLL, Al Waha International Real Estate Projects Company WLL and MAS Holding Company KSCC.
MUNS - Munshaat Real Estate Projects Company KSCP
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