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
Senergy Holding Company KPSC is a Kuwait -based entity which is primarily engaged in investment activities in compliance with the Islamic Sharia principles. The Company has two reportable segments which includes Investment management segment which is responsible for investing surplus funds in portfolios to maximize returns, incorporate or acquire subsidiaries expand the Group’s operations, and to maintain an adequate capital base to sustain future development of the business; Drilling and maintenance segment which is engaged in support activities to drilling of oil wells and related maintenance. The Company through its subsidiaries supports activities to oil wells drilling and related maintenance, maintenance of oil wells’ facilities and oil refineries, well testing services for oil and gas sector, general trading and contracting services, wireline services, etc.
SENE - Senergy Holding Company KPSC
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