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
Shaftesbury Capital PLC, formerly Capital & Counties Properties PLC, is a United Kingdom-based mixed-use real estate investment trust (REIT), which invests in London’s West End, including Covent Garden, Carnaby, Soho, Chinatown and Fitzrovia. The Company’s property portfolio is a diverse mix of restaurants, cafes, bars, and shops, residential and offices. The Company’s Covent Garden portfolio spans 1.5 meters square feet of lettable space across streets and courtyards, and is home to over 200 retail stores, including global flagships, independent brands and differentiated concepts, as well as over 200 hospitality bars, restaurants, and cafes. Carnaby is an international retail and leisure destination comprising 14 streets in west Soho. Its ownership in Chinatown consists of approximately 418,000 square feet of lettable space. The Company also owns a 50% interest in the Longmartin joint venture with The Mercers’ Company, which offers a range of hospitality, leisure and retail concepts.
SHCS - Shaftesbury Capital PLC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.