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
Rasiyat Holding Co KPSC is a Kuwait-based entity which is primarily engaged in developing, promoting, acquiring and investing in real estate, financial, and industrial projects in the Middle East and North Africa (Mena) & other regions. The Company complies with Islamic Shariah law. It has two reportable segments which include Local and International. The Company’s subsidiaries include Al Janzour Real Estate Company S.P.C., SARL EL Awras El Khalijia Promotion Immo, Morocco North Africa Holding Company Ltd., Al-Siraj Group Holding Company – KSC (Closed), Rawaj Holding Company K.S.C. (Closed), among others.
RASI - Rasiyat Holding Co KPSC
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