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 International Holding Co KSCP is a Kuwait-based shareholding company. The Company operates, through its subsidiaries, in three segments as follows: Financial investing activities segment, which comprises participation in financial and real estate funds and managing the groups liquidity requirements; Real Estate investing activities segment, which comprises investing and trading in real estate and construction or development of real estate for the purposes of sale in the ordinary course of business and other related real estate services; and Industrial activities segment, which comprises manufacturing and selling of chemical products. the Company’s subsidiaries included Al Ola National Real Estate Company WLL, Al Ghad Project Management Company WLL, Al Ghad International General Trading W.L.L, Asoul Sukuk Musharaka for General Trading W.L.L, and Smart Wood for General Trading Company W.L.L, among others.
NIHK - National International Holding Co KSCP
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.