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
Salhia Real Estate Co KSCP is a Kuwait-based entity which is primarily engaged in real estate activities and investments. The Company’s main activities include real estate leasing, development of commercial properties and hotel operations in Kuwait and United Kingdom. The Company operates in three business segments which includes Real estate operations consist of development and leasing of properties; Hotel operations consist of the hotel hospitality services provided through JW Marriott Hotel-Kuwait, Courtyard Marriott Hotel-Kuwait and Arraya Ballroom-Kuwait; Care home operations consist of care home activities provided by subsidiary companies. In addition, the Company also invests its surplus funds in real estate and securities portfolios managed by specialist investment managers.
SREK - Salhia Real Estate Co KSCP
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