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
Sultan Center Food Products Company KSCP is a Kuwait-based public shareholding company that holds investments in diverse portfolio of companies within Kuwait and the Middle East, with a specific focus on the retail industry. The Company’s activities include the construction of central markets and restaurants; import, export and marketing of consumer goods; manufacturing of food products; operation of retail supermarkets, restaurants and catering services; trade and installation of telecommunication equipment; trade in readymade garments, shoes, suits, accessories and gifts, and investment in real estate and other industries. The Company also provides consulting and training services. Its business units are structured into seven divisions namely retail, restaurants, trading, fashion, telecom, security and investments. The Company owns and operates subsidiaries in Kuwait, Oman, Bahrain, Lebanon, Jordan, the United Arab Emirates, Egypt and Syria.
SCFK - Sultan Center Food Products Company K.S.C.(Public)
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