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
Securities House KSCP is a Kuwait-based company engaged in investment and trading in securities, investment in real estate, finance activities and in portfolio and fund management on behalf of third parties. The Company is organized, along with its subsidiaries, into three business segments: the Property investment management segment is engaged in investing of the Company’s fund in securities and real estate, financing corporate and individual customers, and managing the Company’s liquidity requirements; the Asset management and advisory services segment covers discretionary and non-discretionary investment portfolio management, managing of local and international investment funds, providing advisory and structured finance services and other related investment services, and the Commercial trading activities segment is involved in the sale and distribution of manufactured and imported goods and services.
SECH - Securities House KSCP
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