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
Sokouk Holding Co KSCP, formerly Sokouk Holding Co KSCC, is a Kuwait-based company engaged in the investment activities in accordance with Islamic shariah principles. The Company is involved in the ownership of shares of Kuwaiti and non-Kuwaiti public shareholding or limited liability companies; establishment, management and financing of subsidiaries; ownership of industrial rights, such as patents and trademarks, and leasing them to other companies within Kuwait and abroad; ownership of movable assets and real estate, and investments of surplus funds in portfolios managed by specialized parties. The Company holds investments in eight Kuwait-based and one Cayman Island-based subsidiaries, engaged primarily in trading activities. As of March, 2013, the Company liquidated its 99% owned subsidiary, Bait Al-Mal Gulf Co.
SHCK - Sokouk Holding Co KSCP
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