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
Realia Properties Inc. is a Canada-based real estate holding company. The Company is engaged in the business of identifying and acquiring real property interests. The Company seeks to create a portfolio of income-producing real estate assets within the United States through the acquisition of various assets. It focuses on retail/commercial properties and community centers. The Company’s real estate portfolio consists of about three properties, such as Martin Downs Town Center, Metro Gateway Shopping Center and 116th Street Center. Martin Downs Town Center is located in Palm City, Florida. Metro Gateway Shopping Center is located in Phoenix, Arizona. 116th Street Center is located in Carmel, Indiana (IN). It is focused on areas, including finance, portfolio management, property development, business development, property management and leasing, and real estate analysis.
RLP - Realia Properties Inc
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