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
Salbookh Trading Co KSCP (STC) is a Kuwait-based company engaged in contracting, shipping, trading and extracting of rocks, marbles, ready mix, sand, and aggregates, which is used as construction and building material in concrete manufacturing and roads building. The Company also owns and leases ships and trucks to perform maritime transport activities. The Company’s wholly owned subsidiary is Salbookh Trading Crushers LLC in Fujairah, United Arab Emirates, where the Company has its production lines of different kinds of the crushed stones, such as rock armor for use in land reclamation projects, all sizes of aggregate for use in the production of ready mixed concrete and asphalt down to road base and infill materials. In April, 2014, the Company divested its 18% stakes in investment company’s share capital.
SALB - Salbookh Trading Co KSCP
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