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 Investments Co KSCP, also known as NIC, is a Kuwait-based company engaged in investment and asset management activities. The Company is organized, along with its subsidiaries, into seven business segments, including Assets & Portfolio Management, focused on discretionary, non-discretionary and custodial accounts to institutional and high net worth investors; Real Estate, concentrated oninvesting in both the local, regional and international real estate markets; Corporate Finance, which is engaged in assisting in identifying appropriate buyers, sellers or acquisition targets and advise clients to the strategic fit of potential transaction partners; Private Equity, related to investments; Treasury, which works with investment advice; Research, connected with assed management, as well as NICe360, engaged in the technologies in electronic trading systems.
NINV - National Investments Co KSCP
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