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
National Consumer Holding Company KSCP, formerly National Company For Consumer Industries KSCC, is a Kuwait-based public shareholding company engaged in the purchase and management of consumable products factories; ownership and rent of land and properties, and ownership and investments in funds and other financial securities. The Company undertakes the purchase and administration of factories to manufacture steel, electrical cables, tempered glass, High Density Polyethylene (HDPE) pipes and many more related materials; Import and trade in local and international markets, and making direct contribution to the infrastructure development in industrial and craftsmanship areas through Build-Operate-Transfer (BOT) system related to the activities of the Company. In March, 2014, , the Company raised its interest to 99% from 50%, by acquiring a 49% stake in Saudi Kuwaiti Carton Co SKCC, a Riyadh-based manufacturer of cartons products.
NCCI - National Consumer Holding Company KSCP
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