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
Osoul Investment Co KSCP is a Kuwait-based company, which is engaged in financing and investment activities in accordance with Islamic Sharia’a guidelines. It operates through three segments: Finance segment includes investments in Murabaha, Wakala and deposit at financial institutions; Investment segment comprises investment in securities, as well as Real estate investment segment. The Company offers investment and asset management services, such as wealth management, fund Management, client portfolios and real estate management. Additionally, its activity includes investment and trading in listed share, investment in private equities, conducting studies and specialized analytical research covering local market, among others.
OSUL - Osoul Investment Co KSCP
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