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
Kuwait Portland Cement Co KPSC (KPCC) is a Kuwait-based public shareholding company that operates in the construction materials industry sector. The Company is organized into three business segments: Cement and Steel, Ready-Mix and Investment. The Company is engaged in the import and export trade in bulk cement; packaging of different types of cement; the construction, operation, lease and rent of stores and silos necessary for the supply and distribution of cement; the acquisition of the means of transportation, movables and real estate for the Company purpose; the manufacture and distribution of ready-made concrete, and the purchase and import of raw materials, machines and vehicles for the Company purpose, as well as the investment of its surplus funds in portfolios managed by specialized companies and entities.
PCEM - Kuwait Portland Cement Co KPSC
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